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 Jul 24, 2024 5:14pm

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Post# 36146973

DGS unit nav dives to $16.08 to July 24

Spreadsheet only showing a gain of 2 pennies since last thursday's update. Huge pullback in the big tech stocks seem to drag the rest of the markets down with them. That affected BDIV top 25 holdings very negatively today.
Overall after distributions the DGS common shares hold a value of $5.98 after dist to commons. Not accounting for prorated preferreds.
DGS last trade was at $6.32 and so trades at a big premium now compared to most of the split fund common shares that I follow. Premium of 34 cents is about a 5.7% premium.

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