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

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

Financial Services Asset Management
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 > NAV
View:
Post by AnEducator on Aug 24, 2023 3:06pm

NAV

Currently just over $14.48. Ex-dividend, this would equate to $14.44. The capital shares are trading at a premium of about $0.56. Still very high, in my opinion, given that the NAV needs to rise by close to 4% to get back to the payment threshold. DGS looks far more attractive.
Comment by mouserman on Aug 24, 2023 4:46pm
My spreadsheet had it at least a penny lower, altho i may have missed some dividends. I did include MFC divvy.. DFN closed at 4.95 according to stockwatch, not sure what the TSX had...
Comment by AnEducator on Aug 24, 2023 4:58pm
You are correct, MM. My previous update was intra-day when the markets were a little higher. The NAV did indeed close about a penny lower by the end of the day.
Dividend 15 Split Corp