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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

Post by AnEducatoron May 20, 2023 11:56am
213 Views
Post# 35457766

NAV May 19

NAV May 19~$15.04. Closing premium on capital shares: ~$0.68.

A confirmation of another missed dividend will likely come on Tuesday, but this should once again come as no surprise except to the most inattentive investor, so barring any sudden moves on the markets, one wouldn't expect much of a reaction. However, last month, we had a significant move towards $6.00 and beyond despite the fully aniticipated dividend announcement.

These splits are not at all easy to trade.
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