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 > BROMPTON reports DGS unit nav @ $15.40 to Feb 1

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Comment by AnEducatoron Feb 02, 2024 4:46pm

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Post# 35860417

RE:RE:BROMPTON reports DGS unit nav @ $15.40 to Feb 1

Hey MM and Inglewood,

Brompton is valuing the preferred shares at $10.10 ($10 nominal value plus $0.10 accrued dividends to date) and the capital shares at a value of $5.30 as of yesterday's close. So the total unit value of $15.40 accounted for the ex-dividend status of the capital shares.

Only declared dividends are subtracted from the NAV on the ex-dividend date, so while capital share dividends are subtracted every month, preferred dividends are only subtracted once a quarter.

mouserman wrote: Actually i think i have that backwards after seeing LBS values from Brompton. DGS valuing the commons @ $5.30 is only taking off the prorated preferreds to this point. Just happened to b e 10 cents , which is also the amount of the dist .to commons.

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