Dividend Growth Split Corp T.DGS

DGS unit nav to Jan 22= approx; $15.28

[mouserman]

So not much change today from the last close.... IAG and MFC both in the top 6 stocks in DGS did very well today. IAG would be the biggest gainer in $ terms since thursday.

[oldbrit34]

MM as Brompton reports the NAV at the 22nd to be $15.12 when your calculations give it $15.28 does this mean Brompton has already taken any month end payout into account ?......thanks.

[Inglewood]

Closing Price (Jan 22, 2024) $5.28   NAV (Jan 18, 2024) $5.12   Distribution Rate(1) (Jan 23, 2024) 22.73%   Management Fee 0.6%   Unit NAV (Jan 18, 2024) $15.19

[Inglewood]

So Brompton reported Unit NAV to be 15.19.... Are preferreds payable in January? Brompton wouldn't be subtracting payments at this point I don't think... they haven't even declared the JAN dividend yet for Class A... 

[AnEducator]

Brompton updates the NAV only once a week - every Friday morning. So the values you are seeing are dated. Dividends are generally accounted for on the website a week after the ex-dividend date.

[mouserman]

No, so Brompton prorates the preferreds every week, so now has taken 7 cents off the Last UNIT NAV we saw , which was $15.19.. and they show the COMMONS value @ $5.12 not the UNIT NAV..

[Inglewood]

I'm sorry, but how do they prorate the preferreds? Do they simply take the Pref payment 0.1375/quarterly, divide it by 12, and then subract 1.15 cents every week from the posted common NAV, and add it to the preferred NAV?  In other words, the common NAV on Jan 18 was actually 5.12 + .07 = 5.19, and the preferred NAV = 10 ?

[mouserman]

Yes that about covers how that is done.