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Dividend Growth Split Corp | Preferred Shares (DGS.PRA.CA)
Prospectus excerpt: This prospectus qualifies the issuance of Preferred Shares and Class A Shares of Dividend Growth Split Corp. (the ‘‘Company’’). The Preferred Shares and the Class A Shares are offered separately but will be issued only on the basis that an equal number of each class of shares will be issued and outstanding. The Company will utilize a split share structure on a low cost basis to provide investors with an investment in 20 large capitalization Canadian equities selected from those TSX-listed equities that have demonstrated the highest dividend growth rate over a five-year period and have a current dividend yield of at least 2.0% per annum. These companies have a history of strong earnings growth, which has resulted in an average dividend growth rate of approximately 22% per annum over the past five years. The Portfolio has an average dividend yield of 3.2% per annum and an average market capitalization of $24.8 billion. Full Prospectus PDF », DGS.CA Page »
Alternate symbology: | DGS-A.CA, DGS-PA.CA, DGSprA.CA | Redeemable?: | Yes | Call Date: | 11/30/2014 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 4000000 | Overallotment: | 600000 | Liquidation Preference: | $10 | Recent Market Price: | $9.96 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-0.04 (-0.40%) | Annualized Dividend: | 0.55 | Recent Ex-Date: | 2/28/2024 | Current Yield: | 5.52% | Original Coupon: | 5.25% | Pay Period: | Quarterly | Pay Dates: | 10-Jan, 10-Apr, 10-Jul, 10-Oct | CDx3 Compliance Rating: |
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Dividend Growth Split is a mutual fund corporation. Co.'s investment objectives are: (i) to provide holders of Preferred Shares with fixed cumulative preferential quarterly cash distributions in the amount of C$0.13125 per Preferred Share; (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be C$0.10 per Class A Share; (iii) to return the original issue price to holders of Preferred Shares on the Maturity Date; and (iv) to provide holders of Class A Shares with the opportunity for growth in net asset value per Class A Share. As of Dec 31 2010, Co.'s investment portfolio at market value was C$79,779,515. Preferred: DGS.PRA.CA Open the DGS.CA Information Page »
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