Dividend Growth Split Corp T.DGS

Alternate Symbol(s): DDWWF | T.DGS.PR.A

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 growth in Net Asset Value per Class A share. The Fund invests, on an approximately equally weighted basis, in a portfolio consisting primarily of equity securities of Canadian dividend growth companies. In addition, the Fund may hold up to 20% of the total assets of the portfolio in global dividend growth companies for diversification and improved return potential, at the Managers discretion.

TSX:DGS - Post by User

Dividend Growth Split Corp

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Comment by Intellectualon Apr 26, 2016 11:37pm

215 Views

Post# 24813562

RE:RE:Halted

Capital shares offered at $6.95 and preferred shares offered for$10.00. Not a significant discount to closing prices as the manager is forbidden to dilute the Net Asset Value. Liquidity improves so this is good news in the long run although shares will be under some short-term pressure while the underwriters sell their discounted shares at a profit.

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