{"id":15058,"date":"2011-05-15T09:33:23","date_gmt":"2011-05-15T13:33:23","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=15058"},"modified":"2011-05-15T09:33:23","modified_gmt":"2011-05-15T13:33:23","slug":"dgs-pr-a-annual-report-2010","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=15058","title":{"rendered":"DGS.PR.A Annual Report 2010"},"content":{"rendered":"

Dividend Growth Split Corp. has released its Annual Report to December 31, 2010<\/a>.<\/p>\n

\n\n\n\n\n\n\n\n
DGS \/ DGS.PR.A Performance<\/td>\n<\/tr>\n
Instrument<\/td>\nOne
Year<\/td>\n		Three
Years<\/td>\n<\/tr>\n
Whole Unit<\/td>\n+11.4%<\/td>\n+1.3%<\/td>\n<\/tr>\n
DGS.PR.A<\/td>\n+5.4%<\/td>\n+5.3%<\/td>\n<\/tr>\n
DGS<\/td>\n+19.5%<\/td>\n-1.7%<\/td>\n<\/tr>\n
S&P\/TSX Composite Index<\/td>\n+17.6%<\/td>\n+2.1%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

I think a dividend-tilting index would have been a more appropriate benchmark for this fund than the Composite, but we’ll let that go.<\/p>\n

Figures of interest are:<\/p>\n

MER: 1.22% of the whole unit value<\/p>\n

Average Net Assets: The fund more than doubled in size during 2010, making this calculation a little tricky; the value is required in order to calculate portfolio yield. The Net Asset Value at year end was $79.0-million, compared to $36.1-million a year prior, so call it an average of $57.6-million. Total Preferred Share Distribution was $1.60-million, at $0.525\/unit implies an average of 3.05-million units, at an average NAV of (18.17 + 17.99) \/ 2 = 18.08, so call it $55.1-million. This is good agreement, call the average NAV $56-million.<\/p>\n

Underlying Portfolio Yield: Dividends and interest received of $2.24-million divided by average net assets of 56-million is 4.0%.<\/p>\n

Income Coverage: Dividends, Securities Lending Income & Interest of $2.24-million less expenses of $1.55-million is $0.7-million, to cover preferred dividends of $1.6-million is 44%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dividend Growth Split Corp. has released its Annual Report to December 31, 2010. DGS \/ DGS.PR.A Performance Instrument OneYear ThreeYears Whole Unit +11.4% +1.3% DGS.PR.A +5.4% +5.3% DGS +19.5% -1.7% S&P\/TSX Composite Index +17.6% +2.1% …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-15058","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/15058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15058"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/15058\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}