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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 theblackestcaton Mar 28, 2017 4:22pm
176 Views
Post# 26042677

RE:Increase in shares/capital?

RE:Increase in shares/capital?This bought deal has ZERO effect on NAV and does not dilute current shareholders. Overnight offerings where based on VWAP of the NAV during past 20 trading days.
 

One Beautiful aspect of these split corp funds is a clause in the prospectus that prohibits the managers from issuing any dilutive shares warrants or rights for the duration of the fund. 

I Can only confirm from experience while dealing with Brompton Funds ( DGS, LBS, LCS ) and Quadravest Cap. Management. ( LFE, DF, DFN etc..)  with respect to this clause in thier prospectuses. 
 
Happy Ex-date Eve to all !
 
GLTA
 
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities