Dividend 15 Split Corp. II Announces Mailing of Notice of Meeting and Management Information Circular
13 Mayo 2013 - 9:50AM
Marketwired
The Board of Directors of Dividend 15 Split Corp. II (the
"Company") today announced that the Notice of Special Meeting of
Shareholders and Management Information Circular relating to the
previously announced special meeting of the holders of the
Company's Preferred Shares and Class A Shares, to be held at 10:30
a.m. (Eastern standard time) on June 3, 2013, has been mailed to
the shareholders.
The purpose of the meeting is to consider a special resolution
to allow Class A and Preferred shareholders to continue their
investment beyond the currently scheduled termination date of
December 1, 2014. Under the proposal, the termination date would be
extended by 5 years to December 1, 2019.
If the extension is approved, Class A and Preferred shareholders
will be provided with a Special Retraction right which is designed
to provide them with an opportunity to retract their shares and
receive a retraction price that is calculated in the same way that
such price would be calculated if the Company were to terminate on
December 1, 2014 as originally contemplated.
Since inception, Class A shareholders have received a total of
$6.90 per share and Preferred shareholders have received a total of
$3.39 per share for a combined total of $10.29 per unit. All
distributions have been made in tax advantaged eligible Canadian
dividends or capital gains dividends. As at May 9, 2013, the
annualized current yield of the Class A shares is 16.50% and for
the Preferred shares it is 5.08%.
For full details, please review the Notice of Special Meeting of
Shareholders and the Management Information Circular which is
available on SEDAR and the Company's website at
www.dividend15.com.
Certain statements included in this news release constitute
forward-looking statements, including, but not limited to, those
identified by the expressions "expect", "intend", "will" and
similar expressions to the extent they relate to the Company. The
forward-looking statements are not historical facts but reflect the
Company's current expectations regarding future results or events.
These forward-looking statements are subject to a number of risks
and uncertainties that could cause actual results or events to
differ materially from current expectations. Although the Company
believes that the assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not
guarantees of future performance and, accordingly, readers are
cautioned not to place undue reliance on such statements due to the
inherent uncertainty therein. The Company undertakes no obligation
to update publicly or otherwise revise any forward-looking
statement or information whether as a result of new information,
future events or other such factors which affect this information,
except as required by law.
Contacts: Dividend 15 Split Corp. II Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.dividend15.com
Dividend 15 Split Corp II (TSX:DF)
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