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 > Brompton announces distributions.

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Comment by slston May 25, 2022 3:55pm

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Post# 34707264

RE:RE:RE:Brompton announces distributions.

You are correct...However, if the Unit value is at a decent premium, I have seen splits offer a modest discount on Preferreds. (Can't remember which one). They rule is that the financing has to be accretive to the Units.

Long term its all good...just the short term drop in price for some time.

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