GDV Dividends

Global Dividend Growth Split Corp. Announces Extension of Term

Published August 12, 2025 at 10:10 PM

TORONTO, Aug. 12, 2025 (GLOBE NEWSWIRE) -- (TSX: GDV, GDV.PR.A) Global Dividend Growth Split Corp. (the “Fund”) is pleased to announce that the board of directors of the Fund has approved an extension of the maturity date of the class A shares (the “Class A Shares”) and preferred shares (the “Preferred Shares”) of the Fund. The current maturity date of June 30, 2026 will be extended for an additional term of approximately 5 years to June 27, 2031. The Preferred Share dividend rate for the extended term will be announced at least 60 days prior to the current June 30, 2026 maturity date and will be based on market yields for preferred shares with similar terms at that time. The term extension allows Class A shareholders to continue their investment with an attractive distribution rate of 10.7% based on the August 11, 2025 closing price, and the opportunity for capital appreciation.(1) The extension of the term of the Fund is not a taxable event and enables shareholders to defer potenti

Related Questions

How will the extension of the maturity date affect the market price of GDV’s Class A shares and the preferred shares? What will be the new preferred share dividend rate for the extended term and how does it compare to current market yields for similar securities? How does the 10.7% distribution rate compare to other dividend growth funds and high‑yield ETFs in the market? Will the term extension change the fund’s net asset value (NAV) or its discount/premium to NAV? How will the extension affect the fund’s yield‑to‑maturity and overall risk‑adjusted return profile? Will the extension affect the fund’s ability to meet its distribution targets in a rising interest‑rate environment? What are the tax implications for existing shareholders and for new investors who buy after the extension? How does the extension compare to similar term extensions or roll‑overs by other dividend‑focused funds or ETFs? What is the expected impact on the fund’s underlying portfolio composition and credit risk profile? Will the extension affect the fund’s ability to issue or redeem shares in the future? How might the extension influence institutional investors’ allocation decisions to GDV versus alternative income‑focused assets? What impact will the extension have on the fund’s liquidity and trading volume?