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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

Comment by MrBinkson Jan 24, 2024 12:32pm
110 Views
Post# 35843219

RE:Appears Brompton will announce dist. today at some point

RE:Appears Brompton will announce dist. today at some point
Yes, looks good for DGS class A  dividend distributions again this month. The eunit nav was above the required 15.10 at the close on Jan 18 closing just barely across the goal line at 5.12. 
Note: The Unit NAV is equal to the Net Asset Value (NAV) of one Class A share and the NAV of one Preferred share combined. In the case of DGS, for January and February’s distributions (and every 3 months after both of those months), the Unit NAV must be at least $15.10 prior to paying a $0.10 distribution to Class A shares – that way, the Unit NAV would still be above $15.00 after the distribution is paid. 
Note: For March’s distribution (and every 3 months after), the Unit NAV must be $15.24 – enough to fund both the $0.10 monthly Class A distribution and the $0.13750 quarterly Preferred distribution. 
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