Dividend 15 Split Corp II Announces Overnight Offering
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 12/13/16 -- Dividend 15 Split Corp. II (the "Company") is pleased to announce it has filed a preliminary short form prospectus in each of the provinces of Canada with respect to an offering of Preferred Shares and Class A Shares of the Company. The offering will be co-led by National Bank Financial Inc., CIBC, RBC Capital Markets, Scotia Capital Inc., and will also include BMO Capital Markets, TD Securities Inc., GMP Securities L.P., Canaccord Genuity Corp., Raymond James, Desjardins Securities Inc., Echelon Wealth Partners, Mackie Research Capital Corporation and Manulife Securities Incorporated.
The Preferred Shares will be offered at a price of $10.00 per Preferred Share to yield 5.25% on the issue price and the Class A Shares will be offered at a price of $7.50 per Class A Share to yield 16.00% on the issue price. The closing price on the TSX of each of the Preferred Shares and the Class A Shares on December 12, 2016 was $10.31 and $7.75, respectively.
Since inception of the Company, the aggregate dividends paid on the Preferred Shares have been $10.90 per share and the aggregate dividends paid on the Class A Shares have been $5.27 per share, for a combined total of $16.17 unit. All distributions to date have been made in tax advantage eligible Canadian dividends or capital gains dividends.
The net proceeds of the offering 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:
The Company's investment objectives are:
Preferred Shares:
Class A Shares:
The sales period of this overnight offering will end at 9:00 a.m. (EST) on December 14, 2016.
A preliminary short form prospectus containing important information relating to the Preferred Shares and the Class A Shares has been filed with securities commissions or similar authorities in all provinces of Canada. The preliminary short form prospectus is still subject to completion or amendment. Copies of the 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. There will not be any sale or any acceptance of an offer to buy the Preferred Shares or the Class A Shares until a receipt for the final short form prospectus has been issued.
Contacts:
Investor Relations:
1-877-478-2372
Local: 416-304-4443
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 13.12.2016 - 20:27 Uhr
Sprache: Deutsch
News-ID 512629
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Personal Finance
Diese Pressemitteilung wurde bisher 309 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Dividend 15 Split Corp II Announces Overnight Offering"
steht unter der journalistisch-redaktionellen Verantwortung von
Dividend 15 Split Corp. II (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
