RE:RE:RE:RE:RE:RE:RE:RE:Trading well below NAVIt's really quite simple. I don't see why everyone wants to make it such a complicated question.
Here is the link to the common (Class A) share NAVs updated weekly and quoting the NAV as of closing from each Thursday night.
https://www.bromptongroup.com/products/split-share-class-a-share-investments/ You will see the NAV for DGS Class A is currently $4.91.
Here is the link to the Preferred Share NAVs also updated every Thursday night.
https://www.bromptongroup.com/products/preferred-shares/ If you follow the Preferreds share NAVs you will see they are
NOT based on a closing TSX value. Instead they are an arbitrary value that starts out at exactly $10.00 immediately after paying Preferred Dividends. Each week the Preferred NAVs increase by $0.01.
Currently the NAV is listed as $10.10 because
10 weeks have elapsed since Preferred dividends have been paid. In two weeks time (just before dividends are paid) the Preferred NAVs will be listed as $10.12 (increase 1 cent each week). That is what they mean by accruing the the cost of dividend weekly.
So in two weeks from last Thursday the
UNIT NAV (a UNIT consists of one Class A share plus one Preferred share) will be $10.12 plus whatever the NAV of the common share is.
Now if you return to the first link above for Class A shares, at the bottom of the page you can see Note 3)
No cash distributions will be paid on the Class A shares if, after the payment of the distribution by the Company, the NAV per Unit (consisting of 1 Class A share and 1 Preferred share) would be less than $15.00 Figure it out, Class A shares have a long way to go in the next two weeks if you want to see dividends.