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 > Average cost base reduced

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Post by flamingogoldon Apr 29, 2024 3:00pm

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Post# 36013204

Average cost base reduced

With tax season coming to an end, TD adjusted my ACB down below $1.50 now given last year's ROC component. I own this one inside a TFSA so no tax implications. With the 5 payouts this year the distribution rate comes to 33% so far and will only go higher with any further declarations. Sometimes buy and hold does pan out. I don't see myself ever selling this one.

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