bash - problems reading text file and printing line by line

Question

I am having problems printing each line from my output list.

The contents look like this:

My text file, if you cat it has a string that looks like this:

YYYYMMDD - ABCD B-1B DCI (Foo) Meeting Minutes - Template

However my output is printing out each item as a line, like this:

I want to print this line:YYYYMMDD
I want to print this line:-
I want to print this line:ABCD
I want to print this line:B-1B
I want to print this line:DCI
I want to print this line:(Foo)
I want to print this line:Meeting
I want to print this line:Minutes
I want to print this line:-
I want to print this line:Template

How do I fix this so that I print out each string?

Here is my code:

    PGLIST="pglist.lst";
    PGS=`cat $PGLIST`;

    #Create a list from executing this script
    ./confluence.sh $CMD_PGLIST $CMD_SPACE "$1" > "$PGLIST"

    #Print out lines
    for line in $PGS; do
        echo "I want to print this line:$line"
    done