Global Dividend Growth Split Corp T.GDV

Alternate Symbol(s): T.GDV.PR.A

The Funds investment objectives are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions of 0.1250 per Preferred share and to return the original issue price of 10.00 per Preferred share to Preferred shareholders on the maturity date of June 30, 2021, subject to extension for successive terms up to five years as determined by the board of directors of the Fund and to provide holders of Class A shares with regular monthly non¿cumulative cash distributions, targeted to be 0.10 per share, and the opportunity for growth in Net Asset Value per share through exposure to the Portfolio. To achieve these objectives, the Fund invests in a diversified portfolio of equity securities of large¿capitalization global dividend growth companies selected by the Manager. The Manager expects that the Fund will be invested directly, or indirectly through exchange¿traded funds, in at least 20 global dividend growth companies.

TSX:GDV - Post by User

Global Dividend Growth Split Corp > New holder

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Post by Donwaanon May 12, 2020 12:18pm

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Post# 31017363

New holder

GDV has a nice cushion for ongoing distributions with a NAV just over $8. It also didn't miss paying in March when most funds did not. Is anyone else out there keeping an eye on this one?

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