Dividend Growth Split Corp. Declares Class A Share Distribution
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TORONTO, March 24, 2021 (GLOBE NEWSWIRE) -- (TSX: DGS) Dividend Growth Split Corp. (“DGS”) is pleased to announce a distribution payable on April 15, 2021 to class A shareholders of record at the close of business on March 31, 2021 in the amount of $0.10 per class A share.
This distribution for the class A shares of DGS is being announced for March as the net asset value per unit of DGS as at March 18, 2021 (after taking into account the payment of cash distributions) was greater than $15.00. Cash distributions may be paid on the class A shares if (a) the distributions payable on the preferred shares are not in arrears, or (b) after the payment of cash distributions, the net asset value per unit would be greater than $15.00. Each month, DGS reviews whether the net asset value per unit meets these requirements in order to determine if a class A share distribution will be announced for such month.
DGS offers a distribution reinvestment plan (“DRIP”) for class A shareholders which provides class A shareholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Class A shareholders can enroll in a DRIP program by contacting their investment advisor.
About Brompton Funds
Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds. For further information, please contact your investment advisor, call Brompton’s investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email firstname.lastname@example.org or visit our website at www.bromptongroup.com.
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Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the fund, to the future outlook of the funds and anticipated events or results and may include statements regarding the future financial performance of the fund. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
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