Dividend Growth Split Corp.

  • Closing Price (Sep 23, 2022)
    $6.01
  • NAV (Sep 22, 2022)
    $5.12
  • Distribution Rate(1) (Sep 26, 2022)
    19.97%
  • Management Fee
    0.6%
  • Unit NAV (Sep 22, 2022)
    $15.15
  • Total Assets (Aug 31, 2022)
    $756 Million
  • Closing Price (Sep 23, 2022)
    $9.54
  • NAV (Sep 22, 2022)
    $10.03
  • Distribution Rate (Sep 26, 2022)
    5.77%
  • Unit NAV (Sep 22, 2022)
    $15.15
  • Total Assets (Aug 31, 2022)
    $756 Million
  • DBRS Rating
    Pfd-3

Why Invest?

  • Large-cap portfolio of primarily Canadian equities with high dividend growth rates and high current yields
  • Dividend growth reflects company’s ability to grow earnings and strong underlying business fundamentals
  • Dividend growth companies have historically outperformed the broad index
  • Attractive distributions on Class A and Preferred Shares
  • Potential for capital appreciation for Class A shares due to leveraged exposure to Dividend Growth portfolio

Preferred Shares:

  • 5-year term, subject to extension for periods of up to five years, as determined by the board of directors
  • Quarterly cumulative preferred distributions (primarily eligible Canadian dividends)
  • Dividend resets at end-of-term extension, based on comparable market yields, without complicated reset formulas
  • Shareholder’s option to redeem at end-of-term, with no restrictions

Class A Shares:

  • Monthly distributions (primarily return of capital)(1)
  • Opportunity for capital appreciation
  • Shareholder’s option to redeem at end-of-term, with no restrictions
  • Dividend Reinvestment Plan (DRIP) available

FUND FACTS

  • Ticker (Class A Shares)
    DGS
  • CUSIP (Class A Shares)
    25537Y104
  • Outstanding (Class A Shares) (Sep 26, 2022)
    48,162,605
  • Ticker (Preferred Shares)
    DGS.PR.A
  • CUSIP (Preferred Shares)
    25537Y203
  • Outstanding (Preferred Shares) (Sep 26, 2022)
    48,162,605
  • Maturity Date(2)
    September 27, 2024
  • Inception Date (CAD Hedged)
    December 3, 2007
  • Manager/Portfolio Manager
    Brompton Funds Limited
  • Auditor
    PricewaterhouseCoopers LLP
  • Currency
    Hedged to CAD
  • Custodian
    CIBC Mellon Trust Company
  • Transfer Agent
    TSX Trust Company
  • Eligibility
    All registered and non-registered accounts
  • Quarterly Concurrent Retraction Date
    2nd last business day of February, May, August, November
  • Quarterly Retraction Notice Deadline
    10 business days prior to retraction date
  • Special Non-Concurrent Retraction Date
    September 27, 2024
  • Special Retraction Notice Deadline
    August 30, 2024

Manager/Portfolio Manager

Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds. Brompton’s Portfolio Management team specializes in Canadian and global equity investments and is a leading manager of covered call writing strategies in Canada.

Dividend Growth Split Corp.

Summary of Investment Portfolio as at August 31, 2022

Total Net Asset Value$743,279,000

Top 25 Holdings

% of Portfolio% of Net Asset Value
Brompton Global Dividend Growth ETF9.3%
Tourmaline Oil Corp6.4%
Dollarama Inc4.8%
Canadian Natural Resources Ltd4.4%
Loblaw Companies Ltd4.3%
Telus Corp3.6%
Imperial Oil Ltd3.6%
BCE Inc3.4%
Royal Bank of Canada3.3%
Thomson Reuters Corp3.3%
Bank of Montreal3.1%
Nutrien Ltd3.1%
Brookfield Infrastructure Partners LP2.9%
Waste Connections Inc2.9%
Canadian Pacific Railway Ltd2.7%
Toronto-Dominion Bank2.6%
Sun Life Financial Inc2.5%
Rogers Communications Inc2.3%
ARC Resources Ltd2.3%
Canadian Imperial Bank of Commerce2.2%
TFI International Inc2.2%
Bank of Nova Scotia2.0%
Fortis Inc2.0%
National Bank of Canada1.8%
Brookfield Asset Management Inc1.8%
Total0%82.8%
Performance NAV History

Growth of $10,000(1)

Annual Compound Returns(2)

YTD 1-Year 3-Year 5-Year 10-Year Since Inception(3)
Dividend Growth Split Corp. - Class A (6.1%) 7.7% 16.4% 10.4% 15.4% 9.1%
Dividend Growth Split Corp. - Preferred 3.7% 5.6% 5.6% 5.5% 5.4% 5.4%
Dividend Growth Split Corp. - Unit 0.0% 6.6% 9.5% 7.3% 9.3% 6.6%

Year-by-Year Returns

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Dividend Growth Split Corp. - Class A 92.0% (20.1%) 70.5% (41.3%) 18.8% 47.6% (20.3%) 14.2% 50.2% 26.3% (8.3%) 19.5%
Dividend Growth Split Corp. - Preferred 5.6% 5.6% 5.4% 5.4% 5.4% 5.4% 5.4% 5.4% 5.4% 5.4% 5.4% 5.4%
Dividend Growth Split Corp. - Unit 29.8% (2.9%) 22.4% (13.2%) 10.7% 20.1% (6.2%) 9.4% 22.9% 13.2% (0.5%) 11.4%

Returns for Dividend Growth Split Corp. are unaudited.

You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment fund on the Toronto Stock Exchange or other alternative Canadian trading system (an “exchange”).  If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares of the investment fund and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning shares of an investment fund.  An investment fund must prepare disclosure documents that contain key information about the fund.  You can find more detailed information about the fund in the public filings available at www.sedar.com.  The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all distributions and does not take into account certain fees such as redemption costs or income taxes payable by any securityholder that would have reduced returns.  Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

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Distributions

For the purposes of the Income Tax (Canada) and any similar provincial legislation, to the extent that distributions on either the Class A or Preferred shares are characterized as dividend payments, the Company designates any and all dividends paid on both its Class A and Preferred shares as “eligible dividends” unless the Company indicates otherwise.

The annual breakdown of distributions for tax purposes will be provided to shareholders annually in February. This information will also be posted on the website as soon as it is available.

DRIP Plan

Tax Allocation

The following information is applicable to holders who, for the purpose of the Income Tax Act (Canada), are resident in Canada and hold shares as capital property outside of an RRSP, RRIF, DPSP, RESP or TFSA. Shareholders should receive a T5 slip from their investment dealer providing this information.

T5 supplementary slips will indicate Capital Gains Dividends in Box 18 and Actual Amount of Eligible Dividends in Box 24. Dividend incomes is subject to the standard gross-up and federal dividend tax credit rules.

The return of capital component is a non-taxable amount that serves to reduce the adjusted cost base of the Fund units.

Select a year

Class A Share

Record Date Payment Date Capital Gains Eligible Dividend Foreign Non- Business Income Foreign Non- Business Income Tax Paid Other Income Return of Capital Total Distribution
Sep 30, 2022 Oct 17, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Aug 31, 2022 Sep 15, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Jul 29, 2022 Aug 15, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
May 31, 2022 Jun 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Apr 29, 2022 May 13, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Mar 31, 2022 Apr 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Feb 28, 2022 Mar 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Jan 31, 2022 Feb 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Dec 31, 2021 Jan 17, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Nov 30, 2021 Dec 14, 2021 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000 0.10000
Oct 29, 2021 Nov 12, 2021 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000 0.10000
Sep 30, 2021 Oct 15, 2021 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000 0.10000
Total 0.00000 0.00000 0.00000 0.00000 0.00000 0.30000 1.20000
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