Dividend 15 Split Corp.: Shareholders Vote Overwhelmingly in Support
03 Junho 2013 - 1:39PM
Marketwired
Dividend 15 Split Corp. (the "Company") is pleased to announce that
shareholders have voted over 99% in favor of management's proposals
at a shareholder meeting held earlier today. Management would like
to sincerely thank shareholders and their advisors for this
overwhelming level of support.
Shareholders were asked to approve the extension of the
termination date to December 1, 2019. This proposal was approved by
99.4% of the Class A Shareholders and 99.8% of the Preferred
Shareholders.
Shareholders were also asked to consider a proposal that would
allow the merger of the cash assets of two Funds (Capital Gains
Income STREAMS Corporation and Income STREAMS Corporation) into the
Company on December 1, 2013. This proposal was approved 99.2% by
Class A Shareholders and 99.6% by Preferred Shareholders. This
transaction is contingent upon further approvals from the
shareholders of the other two terminating Funds and all other
required regulatory approvals.
Dividend 15 has exceeded its distribution objectives since 2004
despite some periods of very challenging markets. Class A
Shareholders and Preferred Shareholders have received 110
consecutive distributions totaling $14.50 and $4.83 respectively.
The Class A shares trade on the TSX under the symbol DFN and
recently closed at $11.24 with a current yield of 10.68%. The
Preferred shares trade under the symbol DFN.PR.A and recently
closed at $10.39 with a current yield of 5.05%.
Contacts: Dividend 15 Split Corp. Investor Relations
416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)
www.dividend15.com
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