Dividend Select 15 Corp.
TSX : DS

Dividend Select 15 Corp.

March 09, 2015 08:57 ET

Dividend Select 15 Corp. Completes Overnight Offering of $17,595,000

TORONTO, ONTARIO--(Marketwired - March 9, 2015) - Dividend Select 15 Corp. (the "Company") is pleased to announce it has completed an overnight offering of 1,700,000 Equity Shares. Total proceeds of the offering were $17.6 million, bringing the Company's net assets to approximately $91.6 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 $10.35 per Share to yield 10%.

The offering was co-led by National Bank Financial Inc., CIBC, RBC Capital Markets and will also include Scotia Capital Inc., TD Securities Inc., BMO Capital Markets, GMP Securities L.P., Canaccord Genuity Corp. and Raymond James.

The net proceeds of the 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.

Contact Information

  • Dividend Select 15 Corp.
    Investor Relations
    416-304-4443 or Toll free at 1-877-4-Quadra (1-877-478-2372)
    www.dividendselect15.com