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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 > Beware of overnight offerings
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Comment by flamingogoldon Mar 29, 2021 7:40pm
140 Views
Post# 32902435

RE:RE:Beware of overnight offerings

RE:RE:Beware of overnight offerings Anything is possible but doing an overnight offering on the first distribution after 13 months would scream greed. I would hope they do it at a higher valuation and with the distribution more stable.

mouserman wrote:
EdPaquette wrote: Suddenly a huge premium to nav means there could be a overnight offering.

Yes ,  an offering could very well be in the works. Not sure how easy it wold be to sell, but it has been a long time since Brompton raised some funds for DGS... has to be over 3 years ago...
AH juts found it here on stockhouse under the news tab.
Dividend Growth Split Corp. Completes Treasury Offering

TORONTO, ONTARIO--(Marketwired - Nov. 29, 2017) -

Not for distribution to U.S. newswire services or for dissemination in the United States

Dividend Growth Split Corp. (TSX:DGS)(TSX:DGS.PR.A) (the "Company") is pleased to announce that it has completed the previously announced treasury offering of class A shares and preferred shares for aggregate gross proceeds of approximately $76 million. The class A shares and preferred shares will continue to trade on the Toronto Stock Exchange under the existing symbols DGS (class A shares) and DGS.PR.A (preferred shares).

The class A shares were offered at a price of $8.00 per class A share and the preferred shares were offered at a price of $10.00 per preferred share. The class A and preferred share offering prices were determined so as to be non-dilutive to the net asset value per unit of the Company as of November 15, 2017, as adjusted for dividends and certain expenses accrued prior to closing of the offering.




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