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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 > Unit NAV $15.10
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Comment by AnEducatoron Jul 21, 2023 4:42pm
200 Views
Post# 35552193

RE:RE:RE:RE:RE:Unit NAV $15.10

RE:RE:RE:RE:RE:Unit NAV $15.10No, he is referring to the actual NAV reported by Brompton on their own website this morning. They report a NAV of $10.07 for the preferred shares and a NAV of $5.02 for the capital shares. This adds to $15.09, in contrast to the full unit NAV of $15.10 reported by Brompton on another page. 

This is the second time in three weeks this has occured.

mouserman wrote:
JohnWalker wrote: Thanks for that link! I use a different one. Very Interesting! Even though they report Unit NAV at $15.10 if you click the Class A and Preferred TABS (at your link) they still report $5.02 and $10.07 individually ???

https://www.bromptongroup.com/products/split-share-class-a-share-investments/

https://www.bromptongroup.com/products/preferred-shares/



I think what JOHN is missing here is that it is the UNIT NAV that is the base for the distributions and does not matter where the commons or preferreds trade. 
THE DGS.pr.a carry a value of 10$ no matter where they are trading.



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