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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Post by Patrickreidon Nov 19, 2018 6:43pm

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Post# 28997158

I own too many shares of DGS

I guess I am stuck...with them until they get to 7.00 again. Splits are risky, but I have enjoyed the dividends for a long time. Bothered by the NAV though....the fund still earns the dividends from their holdings, but we get nothing while the NAV is 7 dear 15.00. Grant it, we all knew that, but one would think after two months of earning the dividends from the holdings the managers of the fund would look at a special dividends to share holders. That being said, the should have lots of money to reinvest given they still get the dividend income from their hold8ngs. Any thought?

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