Bullboard - Stock Discussion Forum Dividend Select 15 Corp T.DS

Alternate Symbol(s): DVVDF

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... see more

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Dividend Select 15 Corp > Trading at a discount to NAV, yield over 10%

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Post by mouserman on Nov 17, 2018 8:17am

Trading at a discount to NAV, yield over 10%

Latest stated NAV on the website is 7.36 , up .14 from the end of October.
This one of the safer funds from Quadravest but unfortunately gets little respect.
Seems divvy pigs are more willing to prop up the likes of FTN with a premium to NAV over 40%, but very little safety margin for the A shares.

100

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Comment by wolverine99 on Dec 17, 2018 11:34am

Agree, I see you also like BK, lots of safety on the NAV. What are your thoughts on INC?

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Comment by mouserman on Dec 20, 2018 8:54am

INC.un from Quadravest is another that does not have a threshhold where common shares do not get paid. Similar to DS and BK, INC.un simply lowers the distribution payout as the stock price drops. It reduces your income while you are taking a capital loss as well. Probably a buy at these levels if you believe the correction is near done as this one also holds banks, and lifecos etc ...more

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Comment by wolverine99 on Dec 20, 2018 3:03pm

Thanks, appreciate your feedback. I am caught in the FTN downdraft at the moment, but in a Registered plan so just close my eyes and wait it out. I have lots on my shopping list, but this market is very fragile, will wait till the New Year to see if there is support at the levels we are at now.

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Dividend Select 15 Corp