An anonymous director reports

GLOBAL DIVIDEND GROWTH SPLIT CORP. ANNOUNCES SUCCESSFUL OVERNIGHT OFFERING

Global Dividend Growth Split Corp. has confirmed a successful overnight treasury offering of Class A shares and preferred shares. Gross proceeds of the offering are expected to be approximately $28.6-million. The offering is expected to close on or about Jan. 28, 2022, and is subject to certain closing conditions. The company has granted the agents (as defined as follows) an overallotment option, exercisable for 30 days following the closing date of the offering, to purchase up to an additional 15 per cent of the number of Class A shares and preferred shares issued at the closing of the offering.

The Class A shares were offered at a price of $12.40 per Class A share for a distribution rate of 9.7 per cent on the issue price, and the preferred shares were offered at a price of $10 per preferred share for a yield to maturity of 5.1 per cent. The Class A share and preferred share offering prices were determined so as to be non-dilutive to the most recently calculated net asset value per unit of the company (calculated as at Jan. 19, 2022), as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the offering.

The syndicate of agents for the offering was led by RBC Capital Markets, CIBC Capital Markets, National Bank Financial Inc. and Scotiabank and includes Hampton Securities Ltd., Canaccord Genuity Corp., BMO Capital Markets, Raymond James Ltd., TD Securities Inc., iA Private Wealth Inc., Echelon Wealth Partners Inc., Richardson Wealth Ltd., Manulife Securities Inc. and Research Capital Corp.

The company invests in a diversified portfolio of equity securities of large-capitalization global dividend growth companies selected by Brompton Funds Ltd., the manager of the company. In order to qualify for inclusion in the portfolio, at the time of investment and at the time of each periodic reconstitution and/or rebalancing of the portfolio, each global dividend growth company included in the portfolio must: (i) have a market capitalization of at least $10-billion; and (ii) have a history of dividend growth or, in the manager's view, have high potential for future dividend growth.

We seek Safe Harbor.