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Global Dividend Growth Split Corp.

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  • Closing Price (Jan 18, 2019) $9.32
  • Distribution(1) $0.10
  • Distribution Rate(1) (Jan 19, 2019) 13.20%
  • Distribution Frequency Monthly
  • Management Style Active with Covered Calls
  • Management Fee 0.85%
  • NAV (Jan 17, 2019) $9.65
  • Total Assets (Dec 31, 2018) $68 Million
  • Closing Price (Jan 17, 2019) $10.07
  • Distribution $0.125
  • Distribution Rate (Jan 19, 2019) 4.98%
  • Distribution Frequency Quarterly
  • NAV (Jan 17, 2019) $10.02
  • Total Assets (Dec 31, 2018) $68 Million

Why Invest?

  • Actively managed portfolio of large-capitalization global dividend growth companies
  • Global dividend growers have historically outperformed the broader global equity market with lower volatility
  • Global equities provide opportunity for Canadians to diversify in sectors that are underrepresented in Canada
  • Regular distributions paid by Class A and Preferred Shares(1)
  • Potential for enhanced capital appreciation for Class A shares due to leveraged exposure to the Portfolio

Preferred Shares:

  • 3-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

FUND FACTS

  • Class A Shares Ticker
    GDV
  • Class A Shares CUSIP
    379444102
  • Class A Shares Ouststanding (Jan 19, 2019)
    3,550,000
  • Preferred Shares Ticker
    GDV.PR.A
  • Preferred Shares CUSIP
    379444201
  • Preferred Shares Ouststanding (Jan 19, 2019)
    3,550,000
  • Maturity Date(2)
    June 30, 2021
  • Inception Date
    June 15, 2018
  • Currency
    CAD
  • Manager/Portfolio Manager
    Brompton Funds Limited
  • Auditor
    PricewaterhouseCoopers LLP
  • Custodian
    CIBC Mellon Trust Company
  • Transfer Agent
    TSX Trust Company
  • Eligibility
    All registered and non-registered accounts
  • Annual Concurrent Retraction Date
    Second last business day of June, commencing in 2020
  • Annual Retraction Notice Deadline
    10 Business Days prior to the annual concurrent retraction date
  • Special Non-Concurrent Retraction Date
    June 30, 2021

Manager/Portfolio Manager

Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with over $2 billion in assets under management. Brompton’s Portfolio Management team specializes in Canadian and global equity investments and is a leading manager of covered call writing strategies in Canada.

Global Dividend Growth Split Corp

Summary of Investment Portfolio as at December 31, 2018

Total Net Asset Value$67,424,344.00

Top 25 Holdings

% of Portfolio% of Net Asset Value
CME Group Inc.4.5%4.7%
Novartis AG4.4%4.6%
AstraZeneca PLC4.3%4.4%
Sanofi SA4.2%4.3%
Broadcom Inc.4.1%4.2%
Air Products & Chemicals Inc.4.0%4.1%
PepsiCo Inc.4.0%4.1%
Unitedhealth Group Inc.3.9%4.0%
Adidas AG3.9%4.0%
Cisco Systems Inc.3.9%4.0%
Intel Corporation3.7%3.8%
BCE Inc.3.7%3.8%
TELUS Corporation3.7%3.8%
JP Morgan Chase & Co.3.6%3.7%
Enbridge Inc.3.5%3.6%
Home Depot Inc. (The)3.5%3.5%
Toronto-Dominion Bank (The)3.4%3.5%
DNB ASA3.3%3.4%
TransCanada Corporation3.3%3.4%
Sun Life Financial Inc.3.3%3.3%
Siemens AG3.1%3.2%
Vinci SA3.1%3.2%
Manulife Financial Corp3.1%3.2%
Texas Instruments Inc.3.0%3.1%
Maxim Integrated Products Inc.2.9%3.0%
Total91.4%93.9%
NAV History

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Distributions

Distributions from the Fund may have tax benefits which result in higher after tax cash flow than if the income had been earned as interest income.

It is expected that the distributions on the Class A shares will mainly be comprised of capital gains or return of capital and over time are expected to include a portion of dividend income. Distributions on the Preferred shares are expected to be mainly characterized as dividend payments, which receive the preferential dividend tax treatment and to a lesser extent return of capital. 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.

This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.

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 or DPSP. 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.

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Preferred Share

Record Date Payment Date Return of Capital Total Distribution
Dec 31, 2018 Jan 15, 2019 0.00000 0.1250
Sep 28, 2018 Oct 15, 2018 0.00000 0.12500
Jun 29, 2018 Jul 16, 2018 0.00000 0.01944
Total 0.00000 0.26944
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