The Toronto Stock Exchange reports that Dividend 15 Split Corp. II will list additional shares. As stated in its prospectus supplement dated June 19, 2025, Dividend 15 will issue up to $175-million of preferred shares and up to $175-million of Class A shares to the public, pursuant to the at-the-market (ATM) distribution procedures as defined by National Instrument 44-102, Shelf Distributions.
According to the TSX, the ATM sales will be made directly on the
TSX or any other existing trading markets
in Canada, during the period commencing June 19, 2025, and
ending on the earlier of: (i) July 18, 2027; (ii) the issuance and
sale of all of the shares subject to the equity distribution
agreement dated June 19, 2025, and (iii) the termination of the distribution
agreement. As a result of the ATM procedures, prices may
vary as between purchasers and during the period of
distribution.
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