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 EdPaquetteon Oct 14, 2021 11:27pm

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Post# 34007900

RE:RE:RE:RE:RE:RE:RE:Successful Overnight Offering

Brompton has been known to do overnight offerings one after another as long as there's a premium.

BlueGuitar1 wrote: On Oct 13, the Nav of class A shares was $11.20 and the closing price yesterday was $11.69. So there was a premium of $0.49 per share or about 4.375%.

Right now, the price is $11.50. so the premium is even lower. Since an offering was just done, I doubt they will do another one any time soon.

What is really nice about GDV is that it is so well diversified internationally and in a lot of Tech. Unlike other split funds I follow, financials are about 21% and Tech is also about 21%. And with a high Unit Nav of $21.22, there is a large margin of safety for income seekers. The day to day price fluctuations do not bother me. But imo, we will also see capital gains too in time.

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