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 > DGS unt nav at 15.80$ to april 29

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Post by mousermanon Apr 30, 2021 9:53am

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Post# 33100381

DGS unt nav at 15.80$ to april 29

SO that was quite a bit higher than i had for the DGS, and a pleasant surprise.
SO NAV for commons actually at $5.71 and not real bad for a safety margin above the threshhold.
I do think it makes the likelihood of an offering quite low here, as usually Brompton , AND Quadravest, for that matter , have a hard time selling the units when the commons are so close to falling below the threshhold. Normally should be at least a buck above 15$ in UNIT NAV.

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