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Bullboard - Stock Discussion Forum Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  DFNPF | T.DFN.PR.A | DVSPF

Dividend 15 Split Corp. is a Canada-based mutual fund, which invests primarily in a portfolio of dividend yielding common shares, which includes approximately 15 Canadian companies. It offers two types of shares, including Preferred shares and Class A shares. Its investment objectives with respect to Preferred Shares are to provide holders with fixed cumulative preferential monthly cash... see more

TSX:DFN - Post Discussion

Dividend 15 Split Corp > DFN unit nav to AUg 09 = approx: $14.84
View:
Post by mouserman on Aug 09, 2023 4:22pm

DFN unit nav to AUg 09 = approx: $14.84

SO THE NEWLY UPDATED  spreadsheet is showing a loss of about 14 cents since the update JULY 31..
Commons now would have a value of  $4.84 , which means the premium has dropped to about $1.34 or about  27.6 %. Would be reasonable if the commons were at a level where they would be getting distributions.
Comment by AnEducator on Aug 09, 2023 4:44pm
My number matches yours, MM. We still need a rally of over 1% to save those who are long, but the markets are showing signs of exhaustion so I would not count on it happening.