shelf prospectussometimes the company file the shelf prospectus just to keep it active in case it is needed.
With access to cash in the Acquisition Facility - the last thing on management's mind is to dilute the existing shareholders. Also there will be no buybacks right now. It is a pipe dream. Acquisition Facility
DIV has a $50.0 million senior secured credit facility (the “Acquisition Facility”) with a Canadian chartered bank that matures on November 30, 2022. The Acquisition Facility has a term of three years, and each draw is interest only for the first six months and then amortizes over sixty months. The Acquisition Facility is subject to a customary annual standby fee, and draws under the facility are subject to prevailing market interest rates at the time of the draw. The Acquisition Facility is secured by a general security interest over the assets of the Company and, if requested by the lender, may be secured by specific assignments of certain material agreements entered into by the Company from time to time.
As at March 31, 2021 and May 13, 2021, the Acquisition Facility was undrawn.