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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Post by west24on Nov 11, 2020 5:45pm

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Post# 31881835

NAV 3.86, UNIT NAV 13.96

My spreadsheet has the NAV as of close November 11th for the Units at 13.96, making the Class A NAV is around 3.86. Means we will need a 7.4% rise in underlying holdings to see a reurn of distributions. If this rally coninues within Canadian financials and the TSX in general that could be obtainable within the next few months, when we will immediately see a price of $5.00+ for the class A shares.

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