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The current discount narrowed earlier this week to about 24 per cent from 29 per cent at the start of 2024, after a rally of more than 20 per cent in Power Corp.’s share price this year.
The substantial discount between the financial conglomerate’s current share price and the loftier value of its operating companies has been shrinking, and the trend may have further to go ...
John Hancock Tax-Advantaged Dividend Income Fund offers an appealing ~8.3% yield after it recently increased its payout, trading at a -7.6% discount, making it attractive for income-focused investors.
If the fund's discount averaged a 7.5% discount through 4 measurement periods in 2024 and early 2025, the fund would have conducted a tender offer for 2.5% of outstanding shares at 98% of NAV.