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 > DGS unit nav Reported @ $15.17 to DEc 14

<< Previous

Bullboard Posts

Next >>

Comment by AnEducatoron Dec 15, 2023 11:34am

262 Views

Post# 35786765

RE:RE:DGS unit nav Reported @ $15.17 to DEc 14

To my knowledge, Brompton always uses the closing NAV of the final Thursday before the declaration deadline, which is five business days before the record date. This means yesterday's closing NAV of $15.17 as reported this morning would be the one which will be used to determine distributions.

There is nothing preventing Brompton from using another NAV so long as they meet the deadline set by the TSX, but it would be out of the ordinary for them to do so.

I fully expect a distribution to be paid to capital shareholders, with an announcement coming next week.