Global Dividend Growth Split Corp. Completes Treasury Offering
13 Outubro 2021 - 10:15AM
(TSX: GDV, GDV.PR.A) Global Dividend Growth Split
Corp. (the “Company”) is pleased to announce that it has completed
the previously announced treasury offering of class A shares and
preferred shares (the “Class A Shares” and “Preferred Shares”,
respectively) for aggregate gross proceeds of approximately $39.7
million. The Class A Shares and Preferred Shares will trade on the
Toronto Stock Exchange under the existing symbols GDV (Class A
Shares) and GDV.PR.A (Preferred Shares).
The Class A Shares were offered at a price of
$12.25 per Class A Share for a distribution rate of 9.8% on the
issue price, and the Preferred Shares were offered at a price of
$10.05 per Preferred Share for a yield to maturity of 4.9%.(1) The
Class A Share and Preferred Share offering prices were determined
so as to be non-dilutive to the net asset value per unit of the
Company (“Unit”) on October 4, 2021, as adjusted for dividends and
certain expenses to be accrued prior to or upon settlement of the
offering.
The syndicate of agents for the offering was led
by RBC Capital Markets, CIBC Capital Markets, National Bank
Financial Inc., and Scotiabank and included Hampton Securities
Limited, Canaccord Genuity Corp., BMO Capital Markets, Raymond
James Ltd., TD Securities Inc., iA Private Wealth Inc., Echelon
Wealth Partners Inc., Richardson Wealth Limited, Manulife
Securities Incorporated and Research Capital Corporation.
The Company invests in a diversified portfolio
(the “Portfolio”) of equity securities of large capitalization
global dividend growth companies selected by the Brompton Funds
Limited (the “Manager”), the manager of the Company. In order to
qualify for inclusion in the Portfolio, at the time of investment
and at the time of each periodic reconstitution and/or rebalancing
of the Portfolio, each global dividend growth company included in
the Portfolio must (i) have a market capitalization of at least $10
billion, and (ii) have a history of dividend growth or, in the
Manager’s view, have high potential for future dividend growth.
About Brompton Funds
Founded in 2000, Brompton is an experienced
investment fund manager with income focused investment solutions
including TSX traded closed-end funds and exchange-traded funds.
For further information, please contact your investment advisor,
call Brompton’s investor relations line at 416-642-6000 (toll-free
at 1-866-642-6001), email info@bromptongroup.com or visit our
website at www.bromptongroup.com.
(1) See Performance table below. No cash
distributions will be paid on the Class A Shares if, after the
payment of a cash distribution by the Company, the net asset value
per Unit (consisting of 1 Class A Share and 1 Preferred Share)
would be less than $15.00. Yield to maturity for the Preferred
Share is based on maturity date of June 30, 2026.
You will usually pay brokerage fees to your
dealer if you purchase or sell shares of the Company on the TSX or
other alternative Canadian trading system (an “exchange”). If the
shares are purchased or sold on an exchange, investors may pay more
than the current net asset value when buying shares of the Company
and may receive less than the current net asset value when selling
them.
There are ongoing fees and expenses associated
with owning shares of an investment fund. An investment fund must
prepare disclosure documents that contain key information about the
fund. You can find more detailed information about the Company in
its public filings available at www.sedar.com. The indicated rates
of return are the historical annual compounded total returns
including changes in share value and reinvestment of all
distributions and do not take into account certain fees such as
redemption costs or income taxes payable by any securityholder that
would have reduced returns. Investment funds are not guaranteed,
their values change frequently and past performance may not be
repeated.
Global Dividend Growth Split Corp. Compound Annual
NAV Returns to September 30, 2021 |
1-Yr |
3-Yr |
S.I. |
Class A Shares (TSX: GDV) |
33.3 |
% |
10.7 |
% |
10.9 |
% |
Preferred Shares (TSX: GDV.PR.A) |
5.1 |
% |
5.1 |
% |
5.1 |
% |
Global Dividend Growth Split Corp. – Unit |
18.4 |
% |
7.8 |
% |
7.9 |
% |
Returns are for the periods ended September 30,
2021 and are unaudited. Inception date June 15, 2018. The table
shows the Company’s compound return on a Class A Share, Preferred
Share and Unit for each period indicated.
Certain statements contained in this document
constitute forward-looking information within the meaning of
Canadian securities laws. Forward-looking information may relate to
matters disclosed in this document and to other matters identified
in public filings relating to the Company, to the future outlook of
the Company and anticipated events or results and may include
statements regarding the future financial performance of the
Company. In some cases, forward-looking information can be
identified by terms such as “may”, “will”, “should”, “expect”,
“plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”,
“potential”, “continue” or other similar expressions concerning
matters that are not historical facts. Actual results may vary from
such forward-looking information. Investors should not place undue
reliance on forward-looking statements. These forward-looking
statements are made as of the date hereof and we assume no
obligation to update or revise them to reflect new events or
circumstances.
The securities offered have not been registered
under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or any
applicable exemption from the registration requirements. This news
release does not constitute an offer to sell or the solicitation of
an offer to buy securities nor will there be any sale of such
securities in any state in which such offer, solicitation or sale
would be unlawful
Global Dividend Growth S... (TSX:GDV.PR.A)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Global Dividend Growth S... (TSX:GDV.PR.A)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024