Dividend Select 15 Corp. Announces Successful Overnight Offering
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 02/24/15 -- Dividend Select 15 Corp. (the "Company") is pleased to announce it has completed the overnight marketing of up to 1,700,000 Equity Shares. Total proceeds of the offering are expected to be approximately $17.6 million.
The offering is being co-led by National Bank Financial Inc., CIBC, RBC Capital Markets and will also include Scotia Capital Inc., TD Securities Inc., BMO Capital Markets, GMP Securities L.P., Canaccord Genuity Corp. and Raymond James.
The sales period for the overnight offering has now ended.
The Equity Shares will be offered at a price of $10.35 per Share to yield 10%. The closing price on the TSX of the Equity Shares on February 23, 2015 was $10.78.
The net proceeds of the secondary offering will be used by the Company to invest in an actively managed portfolio of 15 Canadian companies selected from the following 20 company universe which are among the highest Canadian dividend yielding stocks.
The Company's investment objectives are:
To provide Equity Shares of the Company with (i) monthly cash distributions currently at a 10% annualized rate based on the volume weighted average market price of the Equity Shares over the last three trading days of the preceding month, plus (ii) the opportunity for capital appreciation.
The Company will today file an amended and restated preliminary short form prospectus, containing important information relating to the Preferred Shares and Class A Shares, with securities commissions or similar authorities in all provinces of Canada. The amended and restated preliminary short form prospectus is still subject to completion or amendment. Copies of the amended and restated preliminary short form prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the underwriters listed above. Investors should read the prospectus before making an investment decision. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
Contacts:
Dividend Select 15 Corp.
Investor Relations
416-304-4443 or Toll Free at 1-877-4-Quadra (1-877-478-2372)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 24.02.2015 - 14:32 Uhr
Sprache: Deutsch
News-ID 373803
Anzahl Zeichen: 5040
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Personal Finance
Diese Pressemitteilung wurde bisher 178 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Dividend Select 15 Corp. Announces Successful Overnight Offering"
steht unter der journalistisch-redaktionellen Verantwortung von
Dividend Select 15 Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
