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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

Bullboard Posts
Comment by JohnWalkeron Jun 01, 2019 8:39pm
102 Views
Post# 29791740

RE:SMACKED!!

RE:SMACKED!!Strange to see no Benson55 with his usual chatter. I think after 3 down days he thought it was low enough to buy @ $5.00-5.06. He thought he was going to make some quick money and come tell us all about his impeccable timing.

But then it went down another $0.20 to $4.87 and he got SMACKED!! 

Ouch. Brompton reported unit NAV at $15.21 Thursday night, but they committed to paying out $0.23125 in June. So after payment NAV is below $15 and meanwhile NAV dropped much further on Friday. Almost no hope of paying Class A dividend next month so now the REAL drop is likely to happen. We'll see DGS trading at $4.50 or less on Monday.


Bullboard Posts