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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
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Post by mousermanon May 18, 2023 11:47am
142 Views
Post# 35454651

Misinformed buyers today?

Misinformed buyers today?Hard to figure buying this split fund common at a premium when it is highly likely DGS will miss its 3rd distributions to commons in 2023....i think some, like a recent poster, believe stockhouse has accurate information on DGS paying a distribution in JUNE for the month of MAY. Some also believe DGS only needs to achieve $15 UNIT NAV threshhold to pay,  and are confused because  of the method used by Quadravest to determine distributions .
At any rate LCS will make the distributions  to commons with a dollar to spare, and barely trades higher than DGS today. LCS actually  at a discount of about 30 cents. Just a heads up for those that would like a distribution for the next few months..
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