Dividend Growth Split Corp T.DGS

DGS unit nav drops to $16.03 to Aug 29

[mouserman]

I have DGS losing about 18 cents  since update on thursday, and could be worse if DGS didnt have a lot of energy plays in the top 6 stocks in the fund. Commons have a value of $6.03 BEFORE distributions and would be about 5.79 after distributions are dished out this month.
Last trade @ 6.91 means the premium is  $1.12 after distributions,  or about  19.3 %

[Bagobags]

Hey mouser, I just wanted to thank you for the information that you post on DGS.  I've been holding a position here since $3.49 (ABC) and I think maybe it's time to take profits and wait for a correction back to $5 Anyone have thoughts on this, I don't see us getting higher anytime soon and I think we're likely to see the NAV erode over the next 6-12 months 

[mouserman]

While most  ( if not all )  of the other split funds since the midmonth report have had quite  losses, DGS  has hung in there very well , probably mostly due to a higher energy % of stocks in the top 10 and not as much  financials. But yes, i am thinking of reducing as well as i DONT see much good happening if the BOC and US FED make a big increase in interest rates.

[ehud42]

> i am thinking of reducing as well as  How many are you dumping today? lol ;-) I was expecting the customary $0.10 post record date of Aug 31. Not on the day before.

[mouserman]

I actually dumped the lionsshare of my holding yesterday, and bought some preferreds and FTN commons with the capital. Still have just over 4 K left. '

[Bagobags]

Good call on moving to the preferreds. I was also considering the same. im still holding for now.