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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

Dividend Growth Split Corp > NAV June 22
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Post by AnEducatoron Jun 22, 2023 4:26pm
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Post# 35509969

NAV June 22

NAV June 22~$14.57. Closing premium on capital shares: ~$0.40.

The NAV will need to appreciate by ~4.57% to achieve the payment threshold in the next month of trading, a monumental hill to climb. This is a result of the quarterly $0.1375 dividend that will be need to be paid to preferred shareholders.
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