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Bullboard - Stock Discussion Forum 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... see more

TSX:DGS - Post Discussion

Dividend Growth Split Corp > I see where you are looking at NAV for preferreds
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Post by mouserman on Aug 21, 2023 9:07am

I see where you are looking at NAV for preferreds

It works out the same tho. For DGS the value of the preferreds is not WHERE it trades, its the NOMINAL value of the preferreds (10$) plus the prorated distribution amount of 12 cents , which makes it $10.12 You deduct that from the UNIT NAV and you get the NAV of commons.
All i am saying is you cannot use the trading price of the preferreds  in relation to the UNIT NAV when figuring the NAV of the commons.
Comment by AnEducator on Aug 21, 2023 1:11pm
Buddy, we are both far too experienced to ever use the trading price of the preferreds to calculate the NAV of the commons. That would be embarrasing to the extreme. Seriously, if I have ever done that, I ought to quit posting on this board for good.
Comment by mouserman on Aug 21, 2023 4:23pm
Might have been a different poster  who said the UNIT NAV didnt add up properly because of the price of the preferreds... but I have never seen a mistake on the calculations from Brompton. They did change the UNIT NAV down by a penny last month after posting $15.10 the first day....and not sure why they rounded up on that number. Sounds like a thing Quadravest might do tho.
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