TORONTO, Oct. 29, 2021 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. II (the “Company”) is pleased to announce it has completed the overnight offering of Preferred Shares and Class A Shares of the Company. Total gross proceeds of the offering were $51.8 million, bringing the Company’s net assets to approximately $347.2 million.
The shares will begin trading on the Toronto Stock Exchange under the existing symbols of DF.PR.A (Preferred Shares) and DF (Class A Shares).
The Preferred Shares were offered at a price of $10.10 per Preferred Share to yield 5.7% on the issue price and the Class A Shares were offered at a price of $6.45 per Class A Share to yield 18.6% on the issue price.
The offering was led by National Bank Financial Inc.
The net proceeds of the 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. |
TC Energy |
| The Bank of Nova Scotia |
Manulife Financial Corp. |
TELUS Corporation |
| BCE Inc. |
National Bank of Canada |
Thomson Reuters Corp. |
| Canadian Imperial Bank of Commerce |
Royal Bank of Canada |
The Toronto-Dominion Bank |
| CI Financial Corp. |
Sun Life Financial Inc. |
TransAlta Corporation |
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus supplement to the Company’s short form base shelf prospectus dated May 6, 2021, as amended September 27, 2021, before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Please read the Company’s publicly filed documents which are available at www.sedar.com.
For further information, please contact Investor Relations at 416-304-4443, toll free at 1-877-4-Quadra
(1-877-478-2372), or visit www.dividend15.com.
