Global Dividend Growers Income Fund Announces Addition, European Focused Dividend for the Second Quarter of 2020, Payable on June 15, 2020, July 7, 2020 Respectively
April 23, 2020 at 06:22 pm EDT
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Global Dividend Growers Income Fund announced that In addition, European Focused Dividend announced the remaining distributions for the second quarter of 2020 will be payable to unitholders: Distribution Per Trust Unit $0.05 Record Date is May 31, 2020, Payable Date is June 15, 2020. Distribution Per Trust Unit $0.05 Record Date is June 30, 2020, Payable Date is July 7, 2020.
Global Dividend Growers Income Fund (the Fund) is a closed-end investment fund. The investment objectives of the Fund are to provide unitholders with stable monthly cash distributions and to grow distributions over time and enhance long-term total return through capital appreciation of the Fund's investment portfolio. The Fund invests approximately 30% and till approximately 70% of its assets in an equally weighted passively managed diversified portfolio consisting of the equity securities of publicly listed issuers by market capitalization globally, which have exhibited cumulative dividend growth of approximately 10% over the five-year period ending on the date prior to the date of re-balancing, as well as an indicated dividend yield of approximately 3%. The Fund invests in a range of sectors, such as technology, utilities, consumer discretionary, financials, healthcare, communication services, consumer staples, and industrials. Middlefield Limited is the manager of the Fund.
Global Dividend Growers Income Fund Announces Addition, European Focused Dividend for the Second Quarter of 2020, Payable on June 15, 2020, July 7, 2020 Respectively