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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

Post by mousermanon Oct 25, 2023 10:48am
124 Views
Post# 35700028

Canada's food banks in crisis mode

Canada's food banks in crisis mode
Victoria Wells Wed, October 25, 2023 at 6:00 AM CST _09Y1971.JPG _09Y1971.JPG Food bank visits in Canada soared to a new record this year as the rising cost of living makes it more difficult for people to afford groceries. Food banks are in crisis mode as visits to the facilities climbed to a record of almost two million in March, according to the Food Banks Canada HungerCount 2023 report, released this morning. Thats a 32.1 per cent increase from March 2022, and a 78.5 per cent increase from the same month in 2019. The report, which counted visits at all of the more than 4,750 food banks and community organizations across the country, blames higher inflation, along with gaps in social supports, for the rise in demand. Relentless inflation and a broken social safety net has caused many people who never thought they would need a food bank to walk through the doors for the first time, Kirstin Beardsley, chief executive of Food Banks Canada, said in a release. The number of people with jobs who accessed food banks rose to 17 per cent this year another record reading, the report said. That compares to 2019, when 12 per cent of visitors said a job was their main source of income. Overall, food bank users cited high grocery prices, increased housing costs, low wages and reduced hours at work as the main reasons why they needed to access the pantries.
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