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

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Post by mousermanon Jun 28, 2024 5:22pm

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Post# 36111514

DGS unit nav to June 28 = approx:$15.63 after dist.

Spreadsheet is saying a loss of 4 cents since yesterdays update. Payout to commons of 10 cetns, means the commons have a value of $5.63 here. One of the few split fund commons in red numbers today. BK also was down a penny and LBS also down a bit. Altho those have a lot more safety built in than DGS. Last trade @ $6.11 was down the 10 cent distribution plus a penny, as it was ex divvy date.
Current premium for DGS is 48 cents or about 8.5%...

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