Dividend Growth Split Corp T.DGS

Alternate Symbol(s): T.DGS.P.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 > DGS unit NAV to Jan 19 = $15.17

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Comment by Tonydeon Jan 20, 2023 4:36pm

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Post# 35236543

RE:RE:RE:DGS unit NAV to Jan 19 = $15.17

Let's make it clear, dividends will be declared according to the Unit NAV as at the second last Thursday of the month! Which was yesterday.

As per Brompton website, Unit NAV is posted at $15.17. According to their prospectus, Dividends will be paid if after distributions the Unit NAV ends up at least $15.00. If we deduct Class A distribution of $0.10 together with $0.04583 for preferred (even though preferred won't get paid until the end of the quarter), don't we end up with just over $15.024???
I can't understand how @AnEducator ended up with $14.99!!!

Maybe @mouserman or @flamingogold can chime in. Unfortunately we haven't heard from YellowBrickRoad these last 4 years or so!!

I can't see any reason for missing this month's distribution!

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