Dividend Growth Split Corp. Completes Treasury Offering

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. 


Dividend Growth Split Corp. (TSX:DGS)(TSX:DGS.PR.A) (the "Company") is pleased
to announce that it has completed a treasury offering of 3,505,000 million class
A shares and 3,505,000 million preferred shares for aggregate gross proceeds of
approximately $70 million. The class A shares and preferred shares will continue
to trade on the Toronto Stock Exchange under the existing symbols DGS (class A
shares) and DGS.PR.A (preferred shares). 


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:




                                                                 Shaw       
 Great-West Lifeco   The Bank of Nova    AGF Management     Communications  
        Inc.              Scotia             Limited             Inc.       
Industrial Alliance                                                         
   Insurance and                                                            
 Financial Services  Canadian Imperial                                      
        Inc.         Bank of Commerce  IGM Financial Inc.  TELUS Corporation
 Manulife Financial  National Bank of   Power Corporation Canadian Utilities
    Corporation           Canada            of Canada           Limited     
 Sun Life Financial    Royal Bank of    Manitoba Telecom                    
        Inc.              Canada        Services Limited     Enbridge Inc.  
                                             Rogers                         
                       The Toronto-      Communications       TransCanada   
  Bank of Montreal     Dominion Bank          Inc.            Corporation   



The class A shares were offered at a price of $9.90 and the preferred shares
were offered at a price of $10.08. The final class A and preferred share
offering prices were determined so as to be non-dilutive to the most recent
calculated net asset value per unit of the Company prior to the filing of the
prospectus.


The investment objectives for the class A shares are to provide holders with
regular monthly cash distributions, targeted to be $0.10 per class A share, and
to provide the opportunity for growth in net asset value. 


The investment objectives for the preferred shares are to provide holders with
fixed cumulative preferential quarterly cash distributions currently in the
amount of $0.13125 per preferred share, representing a yield on the offer price
of 5.2% per annum, and to return the original issue price to holders of
preferred shares on the maturity date.


On October 1, 2013, the Company announced an extension of the maturity date of
the class A and preferred shares of the Company for an additional 5 year term to
November 28, 2019, subject to extension for successive terms of up to 5 years.
The preferred share dividend rate for the extended term will be announced at
least 60 days prior to the original November 30, 2014 maturity date. The new
dividend rate will be determined based on then-current market yields for
preferred shares with similar terms.


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. Investors should not place undue reliance on
forward-looking statements. These forward-looking statements are made as of the
date hereof and we assume no obligation to update or revise them to reflect new
events or circumstances.


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 short term 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 line
416-642-6000 or toll-free at 1-866-642-6001
info@bromptongroup.com
www.bromptongroup.com
Dividend Growth Split (TSX:DGS.PR.A)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024