09:11:24 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Dividend Growth Split Corp
Symbol DGS
Shares Issued 15,552,067
Close 2014-11-20 C$ 9.30
Market Cap C$ 144,634,223
Recent Sedar Documents

Dividend Growth Split prices treasury offering

2014-11-21 11:36 ET - News Release

An anonymous director reports

DIVIDEND GROWTH SPLIT CORP. ANNOUNCES PRICING OF TREASURY OFFERING

Dividend Growth Split Corp.'s treasury offering of Class A and preferred shares has been priced at $9.55 per Class A share and $10.10 per preferred share. The final Class A and preferred share offering prices were determined so as to be non-dilutive to the net asset value per unit of the company on Nov. 20, 2014, as adjusted for dividends and certain expenses accrued prior to or upon settlement of the offering and after payment of certain offering costs by the company's manager.

The company invests in a portfolio of common shares of high-quality, large-capitalization companies, which have among the highest dividend growth rates of those companies included in the S&P/TSX Composite Index. Upon closing of the offering, the portfolio will consist of common shares of the following 20 companies:

  • Great-West Lifeco;
  • Bank of Nova Scotia;
  • CI Financial Corp.;
  • Shaw Communications Inc.;
  • Industrial Alliance Insurance and Financial Services Inc.;
  • Canadian Imperial Bank of Commerce;
  • IGM Financial Inc.;
  • Telus Corp.;
  • National Bank of Canada;
  • Power Corporation of Canada;
  • Canadian Utilities Ltd.;
  • Manulife Financial Corp.;
  • Royal Bank of Canada;
  • Rogers Communications Inc.;
  • BCE Inc.;
  • Enbridge Inc.;
  • Sun Life Financial Inc.;
  • Toronto-Dominion Bank;
  • TransCanada Corp.;
  • Bank of Montreal.

The company intends to file a final prospectus in each of the provinces and territories of Canada in connection with the offering. The offering is expected to close on or about Dec. 2, 2014, and is subject to customary closing conditions, including approvals of applicable securities regulatory authorities and the Toronto Stock Exchange.

The syndicate of agents for the offering is being led by RBC Capital Markets, CIBC, Scotiabank and TD Securities Inc., and includes BMO Capital Markets, National Bank Financial Inc., GMP Securities LP, Raymond James Ltd., Canaccord Genuity Corp., Desjardins Securities Inc., Dundee Securities Ltd., Industrial Alliance Securities Inc., Mackie Research Capital Corp. and Manulife Securities Inc.

We seek Safe Harbor.

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