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.

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Dividend Growth Split Corp > Disparity

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Comment by flamingogoldon Jul 21, 2023 11:41am

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Post# 35551577

RE:Disparity

Rounding up, moving the cutoff date, etc... all tweaks to achieve a payout. The biggest concern for these split fund managers is failure to deliver on distributions. Miss too often and risk being carted out to the ETF graveyard.

AnEducator wrote: This is the second time in the last three weeks where the NAVs of each of the two classes of shares do not exactly reflect the sum of their NAVs on the Brompton website. It's undoubtedly a question of rounding of each of the components.

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