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.

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Dividend Growth Split Corp > This is what keeps me up at night regarding the banks

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Comment by flamingogoldon Feb 16, 2024 7:40pm

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RE:RE:This is what keeps me up at night regarding the banks

And yet... the bidding wars are back. There must be something in the Canadian air.

mouserman wrote:
GROG wrote: I'm thinking banks are going to face some headwinds soon. If DGS stays with it's current focus on financial institutions, can this cause some pain?

https://ottawa.ctvnews.ca/ottawa-woman-faces-foreclosure-and-bankruptcy-after-scotiabank-serves-her-papers-1.6771086

I think DFN has more % in banks than DGS. DGS with a much bigger % of the top ten with lifecos than banks. MFC would likley be the 4th biggest holding after the runup after Q results. IAG also in the top 5... but you are right there is much more debt risk with banks...in the current housing mess in Canada.