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

<< Previous

Bullboard Posts

Next >>

Post by AnEducatoron Mar 29, 2023 4:31pm

267 Views

Post# 35367772

NAV March 29

My calculations indicate a closing NAV of $14.53. With a closing price of $5.15, the capital shares are now trading at a premium of $0.65. If the fund misses the payment threshold in April, it will be increasingly difficult to achieve it in May given the quarterly payment of $0.1375 to preferreds.

<< Previous

Bullboard Posts

Next >>

Sirios Resource discovers visible gold in Quebec