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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

Dividend Growth Split Corp > NAV @ 2:45 pm
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Comment by mousermanon Dec 27, 2023 5:37pm
208 Views
Post# 35801861

RE:RE:NAV @ 2:45 pm

RE:RE:NAV @ 2:45 pm
Splitfunding wrote: Does the NAV permanently drop/takes a hit every time a payment is made to either the capital or the preferred shares?

Yes you will notice on ex divvy date the bank or brokerage many times will take the amount paid to commons off the price of the stock at the open of trading that day. . Preferreds arent reflected in  the NAV  until the next udpate.
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