DF Dividend Split II
The DF II fund (T.DF) announced today that the 10 cent dividend was suspended as the total value of the fund was $14.86. The prospectus states dividends will automatically be suspended if it falls below $15. This means the common shares have a NAV of $4.86 but are currently trading at $7.90. The fund value was announced 2 weeks ago, so investors have known for 2 weeks the dividends will be suspended, yet it keeps on trading as usual.
Anybody know why the share price has not plummeted?