Dividend 15 Split Corp T.DFN

DFN unit nav to JAN 24 = approx; $15.15

[mouserman]

So holdings backed off end of day, and the value of the commons AFTER distributions would be 15$.
Premium seems a little high considering there is no safety for distributions in the future.

[mouserman]

OOPS that should read the value of the commons AFTER distributions are figured in would be 5$ even.

[Inglewood]

Definitely high when there is no safety! Does not fare well at all comparitively to FTN or even DGS when looking at the price to nav ratio. 

[Mmb060]

Sold a 1/4 of holdings at 5.40, simply due to premium rise.

[Beuler]

Typically div stocks reach peak day before record date, you sold 4 trade days to early. 

[FatTraderDude01]

if you Look at the trend line over the last six months, volume days in DFN and FTN have dropped. Ive notived that the day before this "ex-div" isnt always the peak. December was 27th.  Did you mean a day before the "ex-div" date? Who sets the ex Div date anyway?  Is it a rule that it is always a day before the record date.  I ask because I have bought via TD and

[mouserman]

They are in the process of changing the length of time for shares to settle. Sometime this year,  ex divvy date wil be the day before the settlement date.