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 navgodon Nov 16, 2020 8:30am

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Post# 31905369

RE:UNIT NAV 13.94, Class A NAV 3.83

Another way of looking at the the discount to NAV is to look at unit price vs. unit NAV which is currently a 2% discount $13.67 vs $13.94. This is important as it is used for monthly and quarterly retractions, providing an underlying bid in the market. Disclosure: I submitted 30 thousand units into the Nov. quarterly concurrent retraction and continue to hold 140 thousand+ of DGS. GLTA

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