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Global Dividend Growth Split Corp.

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  • Closing Price (Nov 20, 2019) $10.99
  • Distribution(1) $0.10
  • Distribution Rate(1) (Nov 21, 2019) 10.92%
  • Distribution Frequency Monthly
  • Management Fee 0.85%
  • NAV (Nov 19, 2019) $11.47
  • Unit NAV (Nov 19, 2019) $21.54
  • Total Assets (Oct 31, 2019) $76 Million
  • Closing Price (Nov 20, 2019) $10.30
  • Distribution $0.12500
  • Distribution Rate (Nov 21, 2019) 4.85%
  • Distribution Frequency Quarterly
  • NAV (Nov 19, 2019) $10.07
  • Unit NAV (Nov 19, 2019) $21.54
  • Total Assets (Oct 31, 2019) $76 Million
  • DBRS Rating Pfd-3 (high)

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

  • Ticker (Class A Shares)
    GDV
  • CUSIP (Class A Shares)
    379444102
  • Ouststanding (Class A Shares) (Nov 21, 2019)
    3,550,000
  • Ticker (Preferred Shares)
    GDV.PR.A
  • CUSIP (Preferred Shares)
    379444201
  • Ouststanding (Preferred Shares) (Nov 21, 2019)
    3,550,000
  • Maturity Date(1)
    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 September 30, 2019

Total Net Asset Value$75,952,733.00

Top 25 Holdings

% of Portfolio% of Net Asset Value
London Stock Exchange Group PLC3.1%3.1%
Equinix Inc2.8%2.8%
AstraZeneca PLC2.7%2.8%
Enel SpA2.7%2.8%
Medtronic PLC2.7%2.7%
Intact Financial Corp2.7%2.7%
Prologis Inc2.7%2.7%
Sun Life Financial Inc2.7%2.7%
Motorola Solutions Inc2.6%2.6%
Microsoft Corp2.6%2.6%
Loblaw Companies Ltd2.6%2.6%
Air Products and Chemicals Inc2.5%2.6%
Vinci SA2.5%2.5%
Nestle SA2.5%2.5%
Ecolab Inc2.5%2.5%
Restaurant Brands International Inc2.5%2.5%
ASML Holding NV2.5%2.5%
Aon PLC2.5%2.5%
Adidas AG2.5%2.5%
Crown Castle International Corp2.5%2.5%
LVMH Moet Hennessy Louis Vuitton SE2.5%2.5%
TC Energy Corp2.4%2.5%
Experian PLC2.4%2.5%
Waste Management Inc2.4%2.4%
Fortis Inc2.4%2.4%
Total64.5%65%
Performance NAV History

Annual Compound Returns(1)

YTD 1-Year Since Inception(2)
Global Dividend Growth Split Corp. - Class A 36.8% 24.9% 9.5%
MSCI World Index 21.2% 13.4% 5.6%
S&P/TSX Composite Index 18.0% 13.2% 3.9%
Global Dividend Growth Split Corp. - Preferred 4.2% 5.1% 5.1%
S&P/TSX Preferred Share Index (0.2%) (7.7%) (6.4%)
Global Dividend Growth Split Corp. - Unit 19.6% 14.9% 7.3%

Year-By Year Returns

Since Inception
Global Dividend Growth Split Corp. - Class A 9.5%
MSCI World Index 5.6%
S&P/TSX Composite Index 3.9%
Global Dividend Growth Split Corp. - Preferred 5.1%
S&P/TSX Preferred Share Index (6.4%)
Global Dividend Growth Split Corp. - Unit 7.3%

Returns for Global 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.

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.

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 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.

Select a year

Preferred Share

Record Date Payment Date Return of Capital Eligible Dividend Total Distribution
Sep 30, 2019 Oct 15, 2019 0.00000 0.00000 0.12500
Jun 28, 2019 Jul 15, 2019 0.00000 0.00000 0.12500
Mar 29, 2019 Apr 12, 2019 0.00000 0.00000 0.12500
Dec 31, 2018 Jan 15, 2019 0.00000 0.00000 0.12500
Sep 28, 2018 Oct 15, 2018 0.04427 0.08073 0.12500
Jun 29, 2018 Jul 16, 2018 0.00689 0.01255 0.01944
Total 0.05116 0.09328 0.64444
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