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 > Brompton updates , UNIT NAV to MArch 4 = 14.80

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Post by mousermanon Mar 05, 2021 9:15am

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Brompton updates , UNIT NAV to MArch 4 = 14.80

SO DGS lost .13 in the past week, most of that from the top 3 holdings, and the payment to preferreds.
That puts the DGS commons value at 4.79 so trading at a slight discount of 17 cents with the last trade.
To put that into perspective... LBS commons NAV is 8.07 , and the last trade at 7.76 means that this paying split fund with 3 $ of coverage for safety of distribution has a discount of 31 cents.... which would you say is the better deal?

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