Global Dividend Growers Income Fund Announces Distributions for the Second Quarter of 2020, Payable on May 15, 2020, June 15, 2020, July 15, 2020 Respectively
April 23, 2020 at 07:14 am EDT
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Global Dividend Growers Income Fund announced that distributions of $0.06 for the second quarter of 2020 will be payable to unitholders on April 30, 2020, May 31, 2020 and June 30, 2020. Payable on May 15, 2020, June 15, 2020, July 15, 2020 respectively.
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 Distributions for the Second Quarter of 2020, Payable on May 15, 2020, June 15, 2020, July 15, 2020 Respectively