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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Comment by flamingogoldon Apr 30, 2021 10:32am

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Post# 33100746

RE:RE:DGS unt nav at 15.80$ to april 29

Or the price holds or slows in appreciation while the NAV catches up. I can see an issue in the $6's, anything below is greed and a hit to investor confidence, especially for a fund looking to rebuild after struggling to pay consistent dividends over the last 2 years.

navgod wrote: Agree that you don't usually see an issue when the NAV is this close to $5 but you usually don;t have this level of premium in that situation. To me the premium is the more important factor along with the fact that Brompton does not really have any other split shares with secondary issue qualification. Either NAV goes down towards $5 and the market price falls or the NAV doesn't go down and we get an issue and the market price falls --- so why I am short both DGS and DF.

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