Dividend 15 Split Corp. II: Announces Overnight Offering
2014年3月27日 - 4:25AM
Marketwired
Dividend 15 Split Corp. II: Announces Overnight Offering
TORONTO, ONTARIO--(Marketwired - Mar 26, 2014) - Dividend 15
Split Corp. II (the "Company") is pleased to announce that 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 and will also
include BMO Capital Markets, TD Securities Inc., GMP Securities
L.P. and Canaccord Genuity Corp.
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 $8.50 per Class A Share to yield 14.12% on the issue
price. The closing price on the TSX of each of the Preferred Shares
and the Class A Shares on March 25, 2014 was $10.14 and $9.08,
respectively.
The net proceeds of
the secondary 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:
Bank
of Montreal |
Enbridge Inc. |
TELUS
Corporation |
The
Bank of Nova Scotia |
Manulife Financial Corp. |
Thomson-Reuters Corporation |
BCE
Inc. |
National Bank of Canada |
The
Toronto-Dominion Bank |
Canadian Imperial Bank of Commerce |
Royal
Bank of Canada |
TransAlta Corporation |
CI
Financial Corp. |
Sun
Life Financial Inc. |
TransCanada Corporation |
The Company's
investment objectives are:
Preferred
Shares:
- to provide holders of the Preferred Shares with fixed,
cumulative preferential monthly cash dividends in the amount of
$0.04375 per Preferred Share to yield 5.25% per annum on the
original issue price; and
- on or about December 1, 2019, to pay the holders of the
Preferred Shares the original issue price of those shares.
Class A Shares:
- to provide holders of the Class A Shares with regular monthly
cash dividends initially targeted to be $0.10 per Class A; and
- on or about December 1, 2019, to pay the holders of Class A
Shares at least the original issue price of those shares.
The sales period of
this overnight offering will end at 9:00 a.m. (Toronto time) on
March 27, 2014.
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.
Dividend 15 Split Corp. IIInvestor Relations416-304-4443 otoll
free at 1-877-4-Quadra (1-877-478-2372)www.dividend15.com
Dividend 15 Split Corp II (TSX:DF.PR.A)
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Dividend 15 Split Corp II (TSX:DF.PR.A)
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