Dividend Growth Split Corp T.DGS

Unit NAV $15.10

[flamingogold]

Should payout a distribution

[JohnWalker]

Where do you see $15.10 ???

[Eoj123]

Fourth column https://www.bromptongroup.com/product/dividend-growth-split-corp/

[mouserman]

Brompton website has it at $15.10... if you click on DGS the UNIT NAV will come up.

[flamingogold]

It's on their site Unit NAV (July 20) $15.10 https://www.bromptongroup.com/product/dividend-growth-split-corp/

[JohnWalker]

Thanks for that link! I use a different one. Very Interesting! Even though they report Unit NAV at $15.10 if you click the Class A and Preferred TABS (at your link) they still report $5.02 and $10.07 individually ??? https://www.bromptongroup.com/products/split-share-class-a-share-investments/ https://www.bromptongroup.com/products/preferred-shares/

[mouserman]

I think what JOHN is missing here is that it is the UNIT NAV that is the base for the distributions and does not matter where the commons or preferreds trade.  THE DGS.pr.a carry a value of 10$ no matter where they are trading.

[AnEducator]

No, he is referring to the actual NAV reported by Brompton on their own website this morning. They report a NAV of $10.07 for the preferred shares and a NAV of $5.02 for the capital shares. This adds to $15.09, in contrast to the full unit NAV of $15.10 reported by Brompton on another page.  This is the second time in three weeks this has occured.

[mouserman]

The NAV of 5.02 for commons is always including prorated preferred dist. Brompton does this because of the Quarterly dist to preferred .

[mouserman]

Yes DGS will pay to commons as the UNIT NAV will not be lower than $15 after paying to commons. BDIV was not quite as high as I had guessed, and spreadsheet was a  penny high.