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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 AnEducatoron Nov 10, 2023 5:07pm
255 Views
Post# 35729470

NAV November 10

NAV November 10~$14.78. Discount on capital shares: ~$0.19. Distance from payment threshold: ~3.10%.

I believe TSX regulations require dividends to be declared at least five business days before the record date, so Brompton may be able to use the NAV as of November 23rd if they declare distributions on that day after the close.

We potentially have a maximum of nine trading days to get to payament status, but personally, I think that would be too optimistic. It's more likely Brompton will use the November 23rd NAV to determine their distributions given their history.
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