Dividend 15 Split Corp. II

Dividend 15 Split Corp. II

June 11, 2012 11:33 ET

Dividend 15 Split Corp. II-Rights Offering Completed

TORONTO, ONTARIO--(Marketwire - June 11, 2012) - Dividend 15 Split Corp. II ("the Company") is pleased to announce that it has completed the offering of rights pursuant to the rights offering circular dated March 12, 2012 (the "Offering"). The Company issued 27,464 Units (each Unit consisting of one Class A Share and one Preferred Share of the Company) and received aggregate gross proceeds of $521,816 bringing the Company's net assets to approx. $75.7 million. Shares will trade on the Toronto Stock Exchange under the symbols DF (Class A Shares) and DF.PR.A (Preferred Shares).

The net proceeds from the offering of the Company 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. These are currently among the highest dividend-yielding securities in the S&P/TSX 60 Index.

Bank of Montreal Enbridge Inc. TELUS Corporation
The Bank of Nova Scotia Manulife Financial Corporation The Thomson Corporation
BCE Inc. National Bank of Canada The Toronto-Dominion Bank
Canadian Imperial Bank of Commerce Royal Bank of Canada TransAlta Corporation
CI Financial Corp. Sun Life Financial Inc. TransCanada Corporation

Since inception Class A shareholders have received a total of $6.00 per share and Preferred shareholders have received a total of $2.91 per share inclusive of this distribution, for a combined total of $8.91 per Unit.

Contact Information

  • Dividend 15 Split Corp. II
    Investor Relations
    416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372)