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Dividend Growth Split Corp T.DGS

Alternate Symbol(s):  T.DGS.PR.A | DDWWF

The Funds investment objectives are to provide holders of Preferred shares with fixed, cumulative, preferential, quarterly cash distributions and to return the original issue price of 10.00 per Preferred share to shareholders at maturity; and to provide holders of Class A shares with regular monthly cash distributions, targeted to be at least 0.10 per Class A share, and the opportunity for growth in Net Asset Value per Class A share. The Fund invests, on an approximately equally weighted basis, in a portfolio consisting primarily of equity securities of Canadian dividend growth companies. In addition, the Fund may hold up to 20% of the total assets of the portfolio in global dividend growth companies for diversification and improved return potential, at the Managers discretion.


TSX:DGS - Post by User

Dividend Growth Split Corp > Distribution versus no distribution
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Comment by JohnWalkeron Jul 22, 2022 11:13pm
190 Views
Post# 34844948

RE:RE:Distribution versus no distribution

RE:RE:Distribution versus no distribution
oldtrustguy wrote: I have not idea why they changed thier mind.


They didn't change their minds, they flat out made a mistake! There policy says the TOTAL NAV (1 Pref share plus 1 Class A share combined) must not drop below $15 after taking into account distributions made. Total NAV after close on Friday was $5.09 + 10.08 = $15.17 making Class A distributions possible.

NOTE:If this were a month wher Preference shares also get a quarterly distribution (such as next month) total distribution would have been $0.2375 and the Class A shares would have missed on the $15.17 NAV basis.

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