TORONTO, ONTARIO--(Marketwired - Dec. 10, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Big 8 Split Inc. (TSX:BIG.PR.A-T)(TSX:BIG.A-T)(TSX:BIG.A)(TSX:BIG.PR.C)(TSX:BIG.PR.B) (the "Company") is pleased to announce that it has filed and received a receipt for its final short form prospectus from the securities regulatory authorities in each of the provinces of Canada, the Yukon and the Northwest Territories in connection with its offerings (the "Offerings") of Class D Capital Shares, Series 1 ("Capital Shares") and Class D Preferred Shares, Series 1 ("Preferred Shares") at a price of $12.50 per Capital Share and $10.00 per Preferred Share.
The Capital Shares will provide holders thereof with a leveraged opportunity to participate in the capital appreciation and dividend growth on a portfolio of common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, Great-West Lifeco Inc., Manulife Financial Corporation and Sun Life Financial Inc. The Preferred Shares will provide holders thereof with an attractive, fixed dividend yield.
The offering is being made through a syndicate of investment dealers co-led by TD Securities Inc., CIBC and Scotiabank, and that includes BMO Capital Markets, National Bank Financial Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc., Mackie Research Capital Corporation and Manulife Securities Incorporated.
The Company's Offerings of Capital Shares and Preferred Shares are scheduled to close on December 13, 2013.
Details of the new offering are contained in the final short form prospectus which should be obtained from the Company's website (www.tdsponsoredcompanies.com) or from an investment advisor.
The Toronto Stock Exchange has conditionally approved the listing of the Capital Shares under the symbol BIG.D and the Preferred Shares under the symbol BIG.PR.D. The Capital Shares and Preferred Shares are scheduled to commence trading on the day of closing.
The shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities legislation and they may not be offered or sold in the United States or to or for the account of a person in the United States or a U.S. person except in transactions exempt from the registration requirements of the 1933 Act and applicable state securities legislation.