Dividend 15 Split Corp. II Completes Overnight Offering of $32,530,625
03 Diciembre 2013 - 8:41AM
Marketwired
Dividend 15 Split Corp. II Completes Overnight Offering of
$32,530,625
TORONTO, ONTARIO--(Marketwired - Dec 3, 2013) - Dividend 15
Split Corp. II ("Dividend 15 II") is pleased to announce that it
has completed an overnight offering of 1,782,500 Preferred Shares
and 1,782,500 Class A Shares. Total gross proceeds of the offering
were $32.5 million, bringing the Company's net assets to
approximately $116 million. Shares will continue to trade on the
Toronto Stock Exchange under the existing symbol DF.PR.A (Preferred
Shares) and DF (Class A shares).
The Preferred Shares
were offered at a price of $10.00 per Preferred Share to yield
5.25% and the Class A Shares were offered at a price of $8.25 per
Class A Share to yield 14.5%, based on the current distribution
policy. The offering was co-led by National Bank Financial, CIBC
World Markets and RBC Capital Markets and also included BMO Nesbitt
Burns Inc., TD Securities Inc., GMP Securities L.P. and Canaccord
Genuity Corp.
The proceeds of the
secondary offering, net of expenses and the Underwriters' fee, will
be used by the Company to invest in an actively managed portfolio
of dividend-yielding common shares which includes each of the 15
Canadian companies listed below. These are currently among the
highest dividend-yielding securities in the S&P/TSX 60
Index:
| Bank
of Montreal |
Enbridge Inc. |
TELUS
Corporation |
| The
Bank of Nova Scotia |
Manulife Financial Corp. |
Thomson-Reuters Corporation |
| BCE
Inc. |
National Bank of Canada |
The
Toronto-Dominion Bank |
|
Canadian Imperial Bank of Commerce |
Royal
Bank of Canada |
TransAlta Corporation |
| CI
Financial Corp. |
Sun
Life Financial Inc. |
TransCanada Corporation |
Commissions,
trailing commissions, management fees and expenses all may be
associated with mutual fund investments. Investors should read the
prospectus before investing. Mutual funds are not guaranteed, their
values change frequently and past performance may not be
repeated.
Investor Relations416-304-4443 or toll free at 1-877-4-Quadra
(1-877-478-2372)www.dividend15.com
Dividend 15 Split Corp II (TSX:DF)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Dividend 15 Split Corp II (TSX:DF)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024
