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Bullboard - Stock Discussion Forum Global Dividend Growth Split Corp. Class A Shares T.GDV

Alternate Symbol(s):  T.GDV.P.A

Global Dividend Growth Split Corp is a closed-end investment fund. It invests in a diversified portfolio of equity securities of large-capitalization global dividend growth companies. Its objectives are to provide holders with monthly non-cumulative cash distributions and to provide holders with the opportunity for capital appreciation through exposure to the portfolio.

The Market Herald Price Sensitive
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Overnight offering

GDV's turn   rate and reply

RE:tax question

Eligible.....from the Brompton Web-site, under sub-box   Distributions. T5 supplementary slips will indicate Capital Gains Dividends in Box 18 and Actual Amount of Eligible Dividends in Box...read more

tax question

are gdv dividends  eligible or non eligible for tax purposes?  rate and reply

RE:RE:RE:RE:RE:This is the best Split fund.

thanks, so its not a bad thing then ...was just wondering why which split funds are the safest for steady payments and stock price not getting killed in a crash? or at least coming back if it does? ...read more

RE:RE:RE:RE:This is the best Split fund.

Overnight offering is how funds increase AUM, and that is how fund issuers earn more in fees.  Since Dec, DGS, ENS, LCS, FFN, & GDV had offerings when their premium to NAV was high,...read more

RE:RE:This is the best Split fund.

FTU.PR.B is the only unleveraged split share (because it's a preferred stock) with 10% yield (based on month-end NAV) that invests in financial stocks.  The common stock has zero NAV, so...read more

RE:RE:RE:RE:RE:RE:This is the best Split fund.

To meet demand, otherwise a competitor will meet it. Also, they keep a tiny portion of the money under management. So they earn more.   rate and reply

RE:RE:RE:RE:RE:This is the best Split fund.

why do they do this tho?  rate and reply

RE:RE:RE:RE:This is the best Split fund.

When the selling price gets higher than the nav, they can do an overnight offering.  rate and reply

RE:RE:RE:This is the best Split fund.

why do split funds do overnight offerings?  what are the risks of that?  thx which are the steadiest split funds for divvy payments and stock price stable?  rate and reply

Under $12

Sudden sell off to $11.68.  My bids got filled from $11.90 down.  Crazy volatile today.  Take it as a gift I hope? Yield now just above 10%.  rate and reply

RE:RE:This is the best Split fund.

Wait another day.  Expect an overnight offering.    rate and reply

RE:This is the best Split fund.

trying to find some solid split funds, this one seems pretty good chart wise also SBC seems solid too,  5 year chart is nice and divvys too... any other recommendations ?  rate and reply

This is the best Split fund.

Unit Nav = $22.40.  Nav = $12.34.  Price now = $12.66.  Premium to Nav = $0.32 (2.5%) Very well diversified globally and in many sectors.  Much safety here.  GLTL.   rate and reply

Last day to buy for this months distributions is Oct 27.

Ex-div date is October 28, 2021, so if you want in, get it by October 27, 2021. Nav is $12.20 (October 25), $0.10 per month (9.84%). Unit Nav is $22.23 (October 25, 2021) = very safe for some time...read more

RE:RE:RE:RE:RE:RE:RE:RE:RE:Successful Overnight Offering

I loaded as much as i can. All valid points by Blueguitar   rate and reply

RE:RE:RE:RE:RE:RE:RE:RE:Successful Overnight Offering

I expect that GDV will be valued at a premium to NAV.  In addition, I expect price inflation to remain high in the markets and therefore a capital gains.   This fund is so well...read more

RE:RE:RE:RE:RE:RE:RE:Successful Overnight Offering

GDV is at the same NAV ceiling as it was in Sep 2018 and Jan 2020.  By design, no split-share stock has long-term capital gains.  Barring a crash in price (e.g. Oct-Dec 2018 and Feb-Mar 2020...read more

RE:RE:RE:RE:RE:RE:RE:Successful Overnight Offering

Brompton has been known to do overnight offerings one after another as long as there's a premium.  rate and reply

RE:RE:RE:RE:RE:RE:Successful Overnight Offering

On Oct 13, the Nav of class A shares was $11.20 and the closing price yesterday was $11.69.  So there was a premium of $0.49 per share or about 4.375%.   Right now, the price is $11.50...read more