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

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TSX:DFN - Post Discussion

Dividend 15 Split Corp > Updated DFN cash position is @ 18%

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Post by mouserman on Sep 08, 2023 8:49am

Updated DFN cash position is @ 18%

So the result of the changed weightings and higher cash position means the UNIT NAV now has lost about 11 cents since the AUG 31 update.
Result is the common shares have a value of $4.53
Premium is 23 cents or about 5 %.
Best gainers in DFN were MFC and TRI

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Comment by flamingogold on Sep 08, 2023 9:38am

Having dry powder now puts the managers in a great position to add over the next month or two to these distressed assets.

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Comment by Kylemcc10 on Sep 08, 2023 10:19pm

TSX is still green YTD, where are these distressed assets? Maybe TRP and ENB? Dfn is coming back to earth and it's about time. Market hasn't even felt the pain yet. Split owners are starting to clue in

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