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 July 24

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Post by AnEducatoron Jul 24, 2023 6:38pm

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Post# 35555030

NAV July 24

~$15.17. Premium on capital shares: ~$0.20.

If DGS had declared a distribution this month, the NAV would have declined by that amount on the ex-dividend date and would have had to make it up in addition to the $0.24 for the following month's distributions in order to meet the payment threshold. By withholding a declaration this month, the fund has an easier path to payment next month.

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