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Bullboard - Stock Discussion Forum 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... see more

TSX:DGS - Post Discussion

Dividend Growth Split Corp > DGS NAV dropping hard today
View:
Post by mouserman on Mar 29, 2021 12:24pm

DGS NAV dropping hard today

Along with most of the other split funds, as  there isnt a lot of green out there.
NAV for the commons would be nearer to 15$ today, as BDIV stock holdings also taking a dive.
Likely to see a selloff end of day today, as some adverse to risk will take profits and sit on cash, and maybe rebuy a  lot lower in a few days. Or they will invest in a undervalued split fund trading at a discount. 
Up 2% today , and i believe only because its ex divvy date tomorrow. Dividend pigs jumping in... and of course tomorrow the Commons will open at least 20 cents lower. So those buying at 5.69 today , wont be able to get out fast enough, to still have a profit with collecting a 10 cent distribution.
Comment by mouserman on Mar 29, 2021 5:49pm
Well DGS holdings did bounce back end of the day, and looked miles better than early in the morning. We know that 10 cents will come off the price tomorrow at the open, as TD and other brokerages take off the distribution amount on ex divvy date. I would be very surprised if DGS didnt open a lot lower than that. BUT who knows, these are strange times. Just seeing a Brompton fund at a premium of ...more  
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