Dividend Growth Split Corp T.DGS

Alternate Symbol(s): DDWWF | T.DGS.PR.A

Financial Services Asset Management

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 > March madness

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Comment by slston Feb 25, 2023 1:39pm

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Post# 35305264

RE:RE:RE:March madness

Another reason to hold on its that, There is a large income tax impact when you have such a low average purchase price. And that is a permanent extraction from your portfolio, unless it is an RRSP or TSFA.

However, in the short run, there is significant downside risk. In my RSP and TSFA, i switched to LCS. It lacks the diversification by a country mile, but has the Canadian Giant Insurance Cos and trades at a discount, and is now paying a nice distribution, albeit much less than DGS when it restore.

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