Dividend Growth Split Corp. Announces Pricing of Treasury Offering
October 08 2013 - 8:22AM
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 the Company's treasury offering of units has been priced at
$9.10 per class A share and $10.07 per preferred share. 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 on October 3,
2013, the date of pricing.
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
Inc. Scotia Limited Communications
Inc.
Industrial Alliance Canadian Imperial IGM Financial TELUS Corporation
Insurance and Bank of Commerce Inc.
Financial Services
Inc.
Manulife Financial National Bank of Power Corporation Canadian
Corporation Canada of Canada Utilities 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 Corporation
Inc.
The Company intends to file a final prospectus in each of the provinces and
territories of Canada in connection with the offering. The offering is expected
to close on or about October 22, 2013 and is subject to customary closing
conditions including approvals of applicable securities regulatory authorities
and the Toronto Stock Exchange.
The syndicate of agents for the offering is being led by RBC Capital Markets and
CIBC and includes Scotiabank, TD Securities Inc., 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 Macquarie Private Wealth Inc.
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 preliminary prospectus containing
important detailed information about the securities being offered has been filed
and is still subject to completion or amendment. Copies of the prospectus may be
obtained from any of the above-mentioned agents. Investors should read the
prospectus before making an investment decision. There will not be any sale of
the securities being offered until a receipt for the final prospectus has been
issued.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brompton Funds
Investor Relations Line
416-642-6000 or Toll-Free: 1-866-642-6001
info@bromptongroup.com
www.bromptongroup.com
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