Dividend Select 15 Corp. Completes Overnight Offering of $7,814,700
March 21 2018 - 7:31AM
Dividend Select 15 Corp. (the “Company”) is pleased to announce it
has completed the overnight offering of 914,000 Equity Shares of
the Company. The total proceeds of the offering were $7.8
million, bringing the Company’s net assets to approximately $80.0
million. The shares will trade on the Toronto Stock Exchange
under the existing symbol of DS.
The Equity Shares were offered at a price of
$8.55 per Share to yield 10%.
The offering was co-led by National Bank
Financial Inc., CIBC World Markets Inc., Scotia Capital Inc. and
RBC Capital Markets, and also included TD Securities Inc., BMO
Capital Markets, Canaccord Genuity Corp., Industrial Alliance
Securities Inc., Echelon Wealth Partners, GMP Securities L.P.,
Raymond James Ltd., Desjardins Securities Inc., Mackie Research
Capital Corporation, and Manulife Securities Incorporated.
The net proceeds of the secondary offering will
be used by the Company to invest in an actively managed portfolio
of 15 Canadian companies selected from the following 20 company
universe which are among the highest Canadian dividend yielding
stocks.
Bank
of Montreal |
Great-West Lifeco Inc. |
TELUS
Corporation |
BCE
Inc. |
Husky
Energy Inc. |
The
Bank of Nova Scotia |
CIBC |
National Bank of Canada |
The
Toronto-Dominion Bank |
CI
Financial Corp. |
Power
Corporation of Canada |
Thomson Reuters Corporation |
Enbridge Inc. |
Royal
Bank of Canada |
TMX
Group Inc. |
EnCana Corporation |
Loblaw Companies Limited |
TransAlta Corporation |
|
Sun
Life Financial Inc. |
TransCanada Corporation |
Commissions, trailing commissions, management
fees and expenses all may be associated with mutual fund
investments. Investors should read the prospectus before investing.
Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated. Please read
the Company’s publically filed documents which are available at
www.sedar.com.
For further information, please contact Investor Relations
at:1-877-478-2372 Local: 416-304-4443 www.dividendselect15.com
info@quadravest.com
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