Global Dividend Growth Split Corp T.GDV

Alternate Symbol(s): T.GDV.PR.A

The Funds investment objectives are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions of 0.1250 per Preferred share and to return the original issue price of 10.00 per Preferred share to Preferred shareholders on the maturity date of June 30, 2021, subject to extension for successive terms up to five years as determined by the board of directors of the Fund and to provide holders of Class A shares with regular monthly non¿cumulative cash distributions, targeted to be 0.10 per share, and the opportunity for growth in Net Asset Value per share through exposure to the Portfolio. To achieve these objectives, the Fund invests in a diversified portfolio of equity securities of large¿capitalization global dividend growth companies selected by the Manager. The Manager expects that the Fund will be invested directly, or indirectly through exchange¿traded funds, in at least 20 global dividend growth companies.

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Global Dividend Growth Split Corp > Successful Overnight Offering

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Comment by Saphoon Oct 14, 2021 10:14am

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Post# 34004822

RE:RE:Successful Overnight Offering

BlueGuitar1 wrote: With the successful offering at $12.25, the price for us went on sale.
As I write this the price is $11.70 giving a yield of 10.26%. Pretty amazing if you ask me.
The unit nav is $21.04 as of Oct. 12, 2021 (from the website). This leaves a large margin of safety so that we continue to get the monthly payouts.
The price at $11.70 is at a premium to the nav of $11.02 (from the website), but imo, the premium is justified for a fund that is so well diversified globally and in technology too. They have never missed a dividend payment. GLTA.

My cost is 12.20. i was under impression after the completion the SP will rise over 12.25. Am i correct on this?

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