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 unit nav to Jan 22= approx; $15.28

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Comment by mousermanon Jan 24, 2024 2:00pm

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Post# 35843438

RE:RE:RE:RE:DGS unit nav to Jan 22= approx; $15.28

Inglewood wrote: I'm sorry, but how do they prorate the preferreds? Do they simply take the Pref payment 0.1375/quarterly, divide it by 12, and then subract 1.15 cents every week from the posted common NAV, and add it to the preferred NAV?

In other words, the common NAV on Jan 18 was actually 5.12 + .07 = 5.19, and the preferred NAV = 10 ?

Yes that about covers how that is done.

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