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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 mousermanon Oct 24, 2024 10:51am
103 Views
Post# 36280234

RE:RE:RE:RE:RE:sold, i am out

RE:RE:RE:RE:RE:sold, i am outNot sure the buyers are looking at value, or ex divvy date being very near.
As far as a great deal for value , DGS is not. It is trading at a premium, ITS  NOT ON SALE .
IN a market where  the majority of the high yielding split fund commons are at a discount, i avoid overpaying for a share. AS well several of the Quadravest split funds are up for their 5 year extension/renewal. and that assures that if the stock doesnt come back to its TRUE NAV value, then you can retract shares at the NAV. Navgod has mentioned this quite a few times. 
SO FFN for instance is going up today, because Ex divvy date is near, and its the highest yielding soplit fund commons AND its at a bit of discount , even after distributions. It also is one of those you can sell at NAV in November.
For FFN : In connection with the term extension, the Company will offer a non-concurrent Special Retraction Right which will allow existing shareholders to tender one or both classes of Shares and receive a retraction price based on the November 29, 2024 net asset value per unit.
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