Dividend Growth Split Corp T.DGS

DGS unit NAV to Jan 19 = $15.17

[mouserman]

SO it appears BDIV had a worse day then i estimated, and so that brought down the UNIT NAV a couple more pennies.
I do believe DGS still pays with the UNIT NAV above $15.10

[navgod]

I belieive it shouldn't pay as unit NAV has to be adjusted for pref so NAV for capital share is 5.09 which is a miss by a basis poin. I don't have a dog in this fight as I can't get a short on. GLTA

[navgod]

Opps stand corrected, against all logic it appears that unit nav is NOT adjusted for pref accrual. Lucky I couldn't short. :)

[flamingogold]

Maybe they will squeeze one in again as they did back in July 2022. Back then the NAV was $5.09, the same as reported today. Yet, they still paid. https://www.bromptongroup.com/wp-content/uploads/2022/07/DGS_Class_A_Distribution_Resumption-July_2022.pdf

[AnEducator]

navgod is correct. After accounting for dividends, the unit NAV drops from the current $15.17 to $14.99, dropping below the $15.00 threshold. Having noted that, most of us remember Brompton reversing course and announcing a dividend payment for the capital shares after failing to declare it on their initial press release a few months ago. I haven't seen anything in the prospectus that

[EdPaquette]

Hahaha,  vague ground rules!  monthly dividends may be declared at any time using any NAV, as long as it is before the TSX deadline (five trading days before record date).  (Lifted from FFN discussion )

[flamingogold]

These funds are in competition for our dollars from the others that are out there and more are being created each month. Brompton recently announced a new one called BMAX. The more Brompton can reward us, the greater the demand for their shares and eventually the more overnight offerings they can do. Let's see what they do here this month.

[Tonyde]

Let's make it clear, dividends will be declared according to the Unit NAV as at  the second last Thursday of the month! Which was yesterday. As per Brompton website, Unit NAV is posted at $15.17. According to their prospectus, Dividends will be paid if after distributions the Unit NAV ends up at least $15.00.  If we deduct Class A distribution of $0.10

[navgod]

The pref accrual is currently $0.08 not $0.04583 that is how you get to $14.99.