Name | Symbol | Market | Type |
---|---|---|---|
Dividend Growth Split Corp | TSX:DGS.PR.A | Toronto | Preference Share |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.05 | 0.49% | 10.26 | 10.21 | 10.50 | 10.39 | 10.24 | 10.25 | 68,346 | 22:00:00 |
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Dividend Growth Split Corp. (the "Company") (TSX:DGS)(TSX:DGS.PR.A) is pleased to announce that it has completed the issuance of 160,000 class A shares and 160,000 preferred shares for gross proceeds of approximately $3.2 million. This issuance was pursuant to the exercise of the over-allotment option granted to the agents in connection with the Company's recently completed treasury offering. Following the exercise of the over-allotment option, total gross proceeds raised are approximately $41.6 million. The Company's treasury offering was priced at $9.60 per class A share and $10.10 per preferred share. The final 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 on January 28, 2014. 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. Currently, the portfolio consists of common shares of the following 20 companies: Great-West Lifeco The Bank of Nova AGF Management Shaw Communications Inc. Scotia Limited Inc. Industrial Alliance Canadian Imperial IGM Financial Inc. TELUS Corporation Insurance and Bank of Commerce Financial Services Inc. Manulife Financial National Bank of Power Corporation Canadian Utilities Corporation Canada of Canada Limited Sun Life Financial Royal Bank of Manitoba Telecom Enbridge Inc. Inc. Canada Services Limited Bank of Montreal The Toronto- Rogers TransCanada Dominion Bank Communications Inc. Corporation The syndicate of agents for the offering was led by RBC Capital Markets, CIBC, Scotiabank and TD Securities Inc. and includes BMO Capital Markets, National Bank Financial Inc., GMP Securities L.P., Raymond James Ltd., Canaccord Genuity Corp., Desjardins Securities Inc., Dundee Securities Ltd., Mackie Research Capital Corporation, and Manulife Securities Incorporated. About Brompton Funds Brompton Funds, a division of Brompton Group, is an experienced investment fund manager operating since 2002. Brompton is focused on meeting the needs of investors by offering low cost, innovative products with client friendly terms and supported by strong corporate governance. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-6000 / toll-free at 1-866-642-6001/ email info@bromptongroup.com or visit our website at www.bromptongroup.com. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Company's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this news release and to other matters identified in public filings relating to the Company, to the future outlook of the Company and anticipated events or results and may include statements regarding the future financial performance of the Company. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful. This offering is only made by prospectus. A final prospectus containing important detailed information about the securities being offered has been filed. Copies of the prospectus may be obtained from any of the above-mentioned agents. Investors should read the prospectus before making an investment decision. FOR FURTHER INFORMATION PLEASE CONTACT: Brompton's investor relations 416-642-6000 or toll-free at 1-866-642-6001 info@bromptongroup.com www.bromptongroup.com
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