Dividend Growth Split Corp. has released its Semi-Annual Report to June 30, 2012.
Figures of interest are:
MER: The MER per unit of the Fund, excluding the cost of leverage, was 1.09% as at June 30, 2012.
Average Net Assets: We need this figure to calculate portfolio yield. [(41.0+63.7-million (NAV, beginning of period) + 37.3+63.7-million (NAV, end of period)] / 2 = about 103-million. Note that when the fund reports its NAV on page 4 of the report, they are referring only to the capital units, so 63.7-million for the preferreds needs to be added.
Underlying Portfolio Yield: Total income of 2,395,765, times two (semi-annual) divided by average net assets of 103-million is 4.65%
Income Coverage: Net Investment Income of 1,819,683 divided by Preferred Share Distributions of 1,650,413 is 110%.
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DGS.PR.A: 12H1 Semi-Annual Report
Dividend Growth Split Corp. has released its Semi-Annual Report to June 30, 2012.
Figures of interest are:
MER: The MER per unit of the Fund, excluding the cost of leverage, was 1.09% as at June 30, 2012.
Average Net Assets: We need this figure to calculate portfolio yield. [(41.0+63.7-million (NAV, beginning of period) + 37.3+63.7-million (NAV, end of period)] / 2 = about 103-million. Note that when the fund reports its NAV on page 4 of the report, they are referring only to the capital units, so 63.7-million for the preferreds needs to be added.
Underlying Portfolio Yield: Total income of 2,395,765, times two (semi-annual) divided by average net assets of 103-million is 4.65%
Income Coverage: Net Investment Income of 1,819,683 divided by Preferred Share Distributions of 1,650,413 is 110%.
This entry was posted on Sunday, November 11th, 2012 at 1:56 am and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.