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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

Post by mousermanon May 19, 2022 7:29pm
188 Views
Post# 34696913

Estimate for DGS UNIT NAV = approx: $15.87

Estimate for DGS UNIT NAV = approx: $15.87Not sure how accurate this will be , as Brompton's last update was to MArch 31....so nearly 2 months old.
We do know 24 cents will come off the UNIT NAV when the distributions are paid out...to both commons and  quarterly preferreds.
I believe this has prompted some to sell despite a decent valuation and fairly high yield at 17.7%.
Premium today BEFORE distributions are taken off would be 91 cents or about  15.5%. 
After distributions  the premium would jump up to just over 20%. That is still a better valuation  premium wise ,than that for DF, which  barely made the 15$ cutoff, and FFN  which is not even close to 15$.
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