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.

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Dividend Growth Split Corp > NAV May 18

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Comment by AnEducatoron May 18, 2023 4:26pm

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Post# 35455262

RE:NAV May 18

Obviously, the payment of the preferred dividend will mean the NAV will have to rise by ~$0.26 ex-dividend to meet the payment threshold, which amounts to ~1.75% of the unit NAV.

AnEducator wrote: ~$14.98. Closing premium on capital shares: ~.75.

The capital shares missed the cut for a distribution this month, but are only ~.12 away from a distribution next month, amounting to ~0.81% of the unit NAV.