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.

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Dividend Growth Split Corp > Mouser

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Comment by mousermanon Oct 22, 2022 8:47am

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Post# 35040761

RE:Mouser

SO with a guess @ the NAV for BDIV, i can stretch the DGS UNIT NAV to OCT 21 up to $14.93 for DGS . Unfortunately Brompton states that to pay distributions to DGS commons,the UNIT NAV must be @ 15$ or higher AFTER distributions have been paid to DGS commons. ( 10 cents )
Last time they announced, DGS squeaked thru because they determined the UNIT NAV to be $15.10 , and so after paying to commons the UNIT NAV would have been equal to 15$.
This month DGS unit NAV is 17 cents lower than $15.10 , by my estimate, so I really do not believe they will pay to commons. Unless for some reason they delay for a few days, and make the date of calculation later in the month.... but i cannot recall an instance where Brompton has done that for DGS.