Dividend Growth Split Corp. has released its Semi-Annual Report to June 30, 2013.
Figures of interest are:
MER: The MER per unit of the Fund, excluding the cost of leverage, was 1.03% as at June 30, 2013.
Average Net Assets: We need this figure to calculate portfolio yield. [(106.7-million (NAV, beginning of period) + 108.9-million (NAV, end of period)] / 2 = about $108-million.
Underlying Portfolio Yield: Total income of 2,347,802 times two (semi-annual) divided by average net assets of 108-million is 4.35%
Income Coverage: Net Investment Income of 1,789,415 divided by Preferred Share Distributions of 1,653,042 is 108%.
This entry was posted on Sunday, October 13th, 2013 at 11:36 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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DGS.PR.A: 13H1 Semi-Annual Report
Dividend Growth Split Corp. has released its Semi-Annual Report to June 30, 2013.
Figures of interest are:
MER: The MER per unit of the Fund, excluding the cost of leverage, was 1.03% as at June 30, 2013.
Average Net Assets: We need this figure to calculate portfolio yield. [(106.7-million (NAV, beginning of period) + 108.9-million (NAV, end of period)] / 2 = about $108-million.
Underlying Portfolio Yield: Total income of 2,347,802 times two (semi-annual) divided by average net assets of 108-million is 4.35%
Income Coverage: Net Investment Income of 1,789,415 divided by Preferred Share Distributions of 1,653,042 is 108%.
This entry was posted on Sunday, October 13th, 2013 at 11:36 pm 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.