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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.


TSX:DGS - Post by User

Dividend Growth Split Corp > NAV May 24
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Post by AnEducatoron May 24, 2023 4:35pm
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Post# 35462554

NAV May 24

NAV May 24~$14.73. Closing premium on capital shares: ~$0.64.

The ex-dividend NAV would be ~$14.59, meaning it would need to rise by ~5.8% for the capital share NAV to match today's closing price. The underlying portfolio would need to rise by ~3.5% to achieve the payment threshold. That would be quite a significant one-month move in a bull market, let alone in these uncertain times.
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