TORONTO, March 21, 2018 (GLOBE NEWSWIRE) -- 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.
Source: Dividend Select 15 Corp.