Bullboard - Stock Discussion Forum 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... see more

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TSX:DGS - Post Discussion

Dividend Growth Split Corp > Tentative debt deal announced

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Post by flamingogold on May 28, 2023 9:28am

Tentative debt deal announced

Will the TSX take advantage of this news and run on Monday while US markets are closed? If not, might could be an opportunity for those trading to jump back in. Strong liklihood the distribution comes back next month.

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Comment by AnEducator on May 29, 2023 11:14am

You think there is a strong likelihood of the underlying portfolio rising by 3%+ in the next 3.5 weeks? It's certainly possible, but that would be one hell of a rally. The NAV right now is basically unchanged from Friday's close. I suspect it will take at least a couple of months to make up that ground, but the markets have surprised me many times before. In any case, I am more ...more

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Comment by EdPaquette on May 29, 2023 7:08pm

The debt ceiling isnt 100% solved. There will be a vote Wednesday, and we have to see if it passes. If it does, then new bonds are issued sucking tons of money up which might have otherwise gone into stocks. I give DGS very low odds of paying in June.

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Comment by mouserman on May 30, 2023 11:38am

If the debt ceiling deal isnt passed , then things will actually get worse for DGS... so damned if they do and damned if they dont. Dont give DGS much hope of paying to commons in the near future... better split funds out there to invest and collect distributions from.

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