RE:RE:RE:HUHThe exact wording on the Announcement back in JULY:
2022-07-22 15:46 ET - News Release
An anonymous director reports
DIVIDEND GROWTH SPLIT CORP. DECLARES CLASS A SHARE DISTRIBUTION
Dividend Growth Split Corp. has declared a distribution payable on Aug. 15, 2022, to Class A shareholders of record at the close of business on July 29, 2022, in the amount of 10 cents per Class A share.
This distribution for the Class A shares of Dividend Growth is being announced for July as the net asset value per unit of Dividend Growth as at July 21, 2022 (after taking into account the payment of a cash distribution), was greater than $15.00. In accordance with the articles for Dividend Growth, no distributions will be paid on the Class A shares if, after payment of a cash distribution, the net asset value per unit would be less than $15.00. Each month, Dividend Growth reviews whether the net asset value per unit meets this requirement in order to determine if a Class A share distribution will be announced for such month.
Tonyde wrote:
Brompton did change their mind a couple of months ago, however the unit NAV showed $14.99. A penny under threshold ( not counting payment of distributions). Yesterday's posted unit NAV is $14.78, $0.22 difference! We should be so lucky??