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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

Post by AnEducatoron Apr 22, 2023 12:57pm
206 Views
Post# 35408839

NAV April 21

NAV April 21~$15.36. Closing premium on capital shares: ~$0.50. The dividend declaration should obviously come as no surprise to any of us here, so it will be interesting if there is any increase in demand next week to capture the payout before ex-dividend. I suppose there are always those inattentive investors who have found this news to be unexpected. They may add some buying pressure.
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