Dividend Growth Split Corp.

  • Closing Price (Jul 17, 2024)
    $6.33
  • NAV (Jul 11, 2024)
    $5.99
  • Distribution Rate(1) (Jul 17, 2024)
    18.96%
  • Management Fee
    0.6%
  • Unit NAV (Jul 11, 2024)
    $16.05
  • Total Assets (Jun 30, 2024)
    $679 Million

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 Shares1
  • 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) (Jul 17, 2024)
    43,148,924
  • Ticker (Preferred Shares)
    DGS.PR.A
  • CUSIP (Preferred Shares)
    25537Y203
  • Outstanding (Preferred Shares) (Jul 17, 2024)
    43,148,924
  • Maturity Date(2)
    August 30, 2029
  • 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 June 30, 2024

Total Net Asset Value$672,100,000

Top 25 Holdings

% of Portfolio% of Net Asset Value
Brompton Global Dividend Growth ETF9.7%
Dollarama Inc.5.3%
Manulife Financial Corp.5.1%
Waste Connections Inc.5.0%
Constellation Software Inc.5.0%
Royal Bank of Canada4.7%
Loblaw Companies Ltd.4.5%
Canadian Natural Resources Ltd.4.2%
Imperial Oil Ltd.4.0%
Thomson Reuters Corp.3.8%
Alimentation Couche-Tard Inc.3.4%
National Bank of Canada3.3%
Canadian Imperial Bank of Commerce3.3%
Stantec Inc.3.1%
ARC Resources Ltd.3.0%
TMX Group Ltd.2.9%
Cameco Corp.2.6%
Bank of Montreal2.3%
Hydro One Ltd.2.3%
iA Financial Corporation Inc.2.3%
Sun Life Financial Inc.2.3%
TFI International Inc.2.1%
Canadian Pacific Kansas City Ltd.2.0%
Teck Resources Ltd.1.9%
Restaurant Brands International Inc.1.6%
Total89.7%
Performance NAV History

Growth of $10,000(1)

Annual Compound Returns(2)

YTD 1-Year 3-Year 5-Year 10-Year Since Inception(3) Since Inception(4) Since Inception(2)
Dividend Growth Split Corp. - Class A 19.9% 27.2% 14.2% 16.1% 10.7% 9.7%
Dividend Growth Split Corp. - Preferred 2.8% 5.6% 5.6% 5.6% 5.5% 5.4%
Dividend Growth Split Corp. - Unit 8.5% 12.7% 8.7% 9.3% 7.3% 6.8%

Year-by-Year Returns

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Dividend Growth Split Corp. - Class A 15.7% (13.0%) 92.0% (20.1%) 70.5% (41.3%) 18.8% 47.6% (20.3%) 14.2% 50.2%
Dividend Growth Split Corp. - Preferred 5.6% 5.6% 5.6% 5.6% 5.4% 5.4% 5.4% 5.4% 5.4% 5.4% 5.4%
Dividend Growth Split Corp. - Unit 9.0% (1.4%) 29.7% (2.9%) 22.3% (13.2%) 10.7% 20.1% (6.2%) 9.4% 22.8%

Returns for Dividend Growth Split Corp. are unaudited.

This webpage is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. The opinions contained in this report are solely those of Brompton Funds Limited (“BFL”) and are subject to change without notice. BFL makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, BFL assumes no responsibility for any losses or damages, whether direct or indirect which arise from the use of this information. BFL is under no obligation to update the information contained herein. The information should not be regarded as a substitute for the exercise of your own judgment. Please read the prospectus before investing.

You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment funds 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 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.sedarplus.ca. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Information contained on this webpage was published at a specific point in time. Upon publication, it is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. 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 funds, to the future outlook of the funds and anticipated events or results and may include statements regarding the future financial performance of the funds. 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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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
Jun 28, 2024 Jul 15, 2024 * * * * * * 0.10000
May 31, 2024 Jun 14, 2024 * * * * * * 0.10000
Apr 30, 2024 May 14, 2024 * * * * * * 0.10000
Mar 28, 2024 Apr 12, 2024 * * * * * * 0.10000
Feb 29, 2024 Mar 14, 2024 * * * * * * 0.10000
Jan 31, 2024 Feb 14, 2024 * * * * * * 0.10000
Dec 29, 2023 Jan 15, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Apr 28, 2023 May 12, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000 0.10000
Jan 31, 2023 Feb 14, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000 0.10000
Dec 30, 2022 Jan 16, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000 0.10000
Nov 30, 2022 Dec 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000 0.10000
Sep 30, 2022 Oct 17, 2022 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 0.50000 1.20000
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