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.

TSX:DGS - Post by User

Dividend Growth Split Corp > DGS - DRIP

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Comment by flamingogoldon Jan 23, 2024 11:47am

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Post# 35840973

RE:RE:RE:DGS - DRIP

I take cash as well and if not needed for any new purchases the funds go directly into money market earning close to 5%. Money making money. The MM fund is marginable too as I can have open bids and buy equities even though the actual "cash" in the account is zero.

Inglewood wrote: Good advice.. I switched mine to cash.. For the record, the DRIP shares came in at $5.20/share... closing price on Jan 15 was $5.20.. no discount

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