Dividend Select 15 Corp T.DS

Alternate Symbol(s): DVVDF

Financial Services Asset Management

The Companys investment objectives are to provide holders of the Shares of the Company (Shareholders) with (i) monthly cash distributions, plus (ii) the opportunity for capital appreciation, through investment in the common shares of the Portfolio Companies. The Company has been created to provide investors with an opportunity to invest in a portfolio (the Portfolio) of 15 Canadian companies (the Portfolio Companies) whose shares offer investors an above-average dividend yield, and which have shown solid earnings growth and have a history of capital appreciation. The Portfolio Companies will be selected from among 20 companies (the Portfolio Universe) listed on the Toronto Stock Exchange (TSX) set out below: Bank of Montreal Royal Bank of Canada BCE Inc. Shoppers Drug Mart Corporation Canadian Imperial Bank of Sun Life Financial Inc. Commerce TELUS Corporation CI Financial Corp. The Bank of Nova Scotia Enbridge Inc.

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Dividend Select 15 Corp

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Post by mousermanon Mar 27, 2020 10:06am

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Post# 30852565

Down about 4% so far today

SO i would guess the NAV for DS down between .20 and .25 since the close yesterday.
So NAV still above 5.65 by my reckoning.... and now trading at 5.20 , so the normal 8 to 10% discount . But a bit surprising that sellers are dumping on the day before ex dividend date, at a substantial discount.... forgoing the distributions..
I believe this is the biggest reason to be in.
For the next few months at minimum very few of Quadravest funds will be paying out, and most are trading at premium s to NAV...logic does NOT apply to traders .....they are NOT in it for the distriubtutions or safety.
I am happy to sit on this one , at an average buy under 4.60

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