Dividend Growth Split Corp T.DGS

Alternate Symbol(s): DDWWF | T.DGS.PR.A

Financial Services Asset Management

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.

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Dividend Growth Split Corp > Another missed month for the Commons.

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Comment by AnEducatoron Nov 24, 2023 2:19pm

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Post# 35751986

RE:Another missed month for the Commons.

I wouldn't be too disappointed. The silver lining is that the NAV will perform better with more funds remaining invested instead of being paid out to shareholders, so long as the underlying portfolio continues to recover. A dividend payout would have necessitated the sale of some of their holdings, permanently impairing the NAV.

I know this is not conventional thinking, but whether a dividend is being paid or not is not always the most important consideration, especially in a leveraged instrument.