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 @ 3:37 pm

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Comment by AnEducatoron Nov 15, 2023 6:54pm

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Post# 35738075

RE:RE:NAV @ 3:37 pm

Brompton would have to declare their dividends after the close on Thursday, November 23 at the latest according to the TSX:

When Declaring Dividends: Provide notice to TSX by filing the TSX Reporting Form 5 - Dividend/Distribution Declaration (via Linx) as soon as the dividend has been declared and at least five (5) trading days prior to the record date.

It can be done, but I believe it is unlikely. The benefit of not declaring this month would be the preservation of the NAV to increase the likelihood of a declaration the following month.

NoShoesNoShirt wrote:
AnEducator wrote: ~$15.00. No change from yesterday as the portfolio is decidedly mixed.

The NAV needs to get to $15.24 in order have a distribution declared this month. My guess is that it needs to be achieved by tomorrow's close as next week's NAV update will likely be too late.

I've seen rules like 4th last business day of the month, or second last Thursday, and we've seen surprises from Brompton. If it can pay it will. I think it will.