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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 JohnWalkeron Feb 07, 2020 9:53am
105 Views
Post# 30657445

RE:Brompton updates DGS unit NAV at 15.99 to FEB 06

RE:Brompton updates DGS unit NAV at 15.99 to FEB 06
mouserman wrote: .... I suspect they took the .10 distribution out already...


I always thought that the distribution was accounted for in the calculated NAV on Ex-Dividend Date. With last Thursday (ex-div date) being on January 30th (NAV calculation date) I was wondering if the published NAV had removed the distribution amount or not. So I asked people at Brompton.

I was told that the ditribution was accounted for on the Record Date and not the Ex-Dividend Date. So the NAV of $15.86 published last Thursday did NOT have the distribution removed. But todays published NAV of $15.99 does indeed have the $0.10 distribution out.


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