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 Jack256on Sep 12, 2019 1:56pm

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Post# 30120681

RE:RE:No longer trading at a discount

mouserman wrote:

mouserman wrote: Most of the holdings down today, and i have 5 of the top 7 holdings down since the last update.
Still above 5$ for the NAV , but still a few days to go until distributions are declared.
DGS a better buy than many of the split funds out there, but the discount is gone. About time..

Well that turned around quickly, DGS holdings bounced back in a hurry, the canadian banks back up in the green for the most part, albeit just above flat...and many of the utility stocks now doing better.... telecoms down a bit.
overall of the 24 stocks in DGS that i track only 6 are down. 8 of the top 10 now up on the day.
Back to trading at a discount or possibly right at NAV of around 5.25...by my estimates.

The nav was 5.24 last week when Brompton posted on the 5th. The portfolio has gained almost 1.5% since then, so I believe it will be a bit higher than 5.25. Mind you that could change by the end of the day the way markets are moving these days.

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