Dividend Growth Split Corp. Completes Over-Allotment
14 Février 2014 - 1:49PM
Marketwired Canada
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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