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.

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Dividend Growth Split Corp > Grabbed a little DGS

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Comment by flamingogoldon Mar 02, 2021 4:26pm

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Post# 32697838

RE:RE:Grabbed a little DGS

We will get a real correction eventually but for now, it's down a little then we chop higher. Last week's bond fears appears to have been a head fake.

I've been following the VIX. In late October the VIX spiked to 40, then backed off follwed by November's market rally. Late Jan, the VIX spiked again to 37 only to back off and markets ran again. Last week the VIX moved up to almost 30 before backing off a third time.

So we may be in for another few good weeks before the doom and gloom VIX starts threatening. When we "correct" is anyone's guess but I think 2H when the vax % is over 50% and covid and the variants are on the way out for good.

mouserman wrote:

mouserman wrote: Was hoping for a little longer pullback before buying but decided to make a little wager here.
I do like LCS better, but it is thinly traded and continually trades at a discount despite being over 16$ UNIT NAV at this point, and paying a 16% yield..It is not as diversified as DGS , but i did like the Q reports of the lifecos...and the banks for that matter.
The discounts to NAV similar for DGS and LCS, only difference is one is paying and the other is not at this point. But once DGS is paying it will have a bigger yield.
NOT sure it will ever get a premium... as BROMPTON split funds at this point, do not get premiums no matter how great the discount, or level of safety.

Added some more here today, @ $4.50 as my spreadsheet now has the UNIT NAV over 15$ today and should make the cut if the market stays bullish.