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 > DGS unit NAV to Jan 19 = $15.17

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Comment by navgodon Jan 20, 2023 10:37am

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Post# 35235443

RE:RE:DGS unit NAV to Jan 19 = $15.17

navgod wrote:
mouserman wrote: SO it appears BDIV had a worse day then i estimated, and so that brought down the UNIT NAV a couple more pennies.
I do believe DGS still pays with the UNIT NAV above $15.10

I belieive it shouldn't pay as unit NAV has to be adjusted for pref so NAV for capital share is 5.09 which is a miss by a basis poin. I don't have a dog in this fight as I can't get a short on. GLTA

Opps stand corrected, against all logic it appears that unit nav is NOT adjusted for pref accrual. Lucky I couldn't short. :)

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