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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

Comment by AnEducatoron Aug 21, 2023 1:11pm
108 Views
Post# 35598149

RE:I see where you are looking at NAV for preferreds

RE:I see where you are looking at NAV for preferredsBuddy, we are both far too experienced to ever use the trading price of the preferreds to calculate the NAV of the commons. That would be embarrasing to the extreme.

Seriously, if I have ever done that, I ought to quit posting on this board for good.

mouserman wrote: It works out the same tho. For DGS the value of the preferreds is not WHERE it trades, its the NOMINAL value of the preferreds (10$) plus the prorated distribution amount of 12 cents , which makes it $10.12 You deduct that from the UNIT NAV and you get the NAV of commons.
All i am saying is you cannot use the trading price of the preferreds  in relation to the UNIT NAV when figuring the NAV of the commons.



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