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 AnEducatoron Jul 21, 2023 12:47pm

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Post# 35551732

RE:RE:RE:Disparity

The reward for paying consistent distributions is an elevated premium which makes it far easier to conduct overnight offerings. It also allows for the at-the market selling program, which seems to be utilized sparingly by Brompton, to be executed.

JohnWalker wrote: "The biggest concern for these split fund managers is failure to deliver on distributions."

I don't get it ... whether they deliver distributions or not, they still collect the MER. Isn't that where they make their money?