Dividend Growth Split Corp. Announces Successful Overnight Offering
TORONTO, March 03, 2022 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A) Dividend Growth Split Corp. (the “Company”) is pleased to announce a successful overnight treasury offering of class A shares and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively). Gross proceeds of the offering are expected to be approximately $67 million. The offering is expected to close on or about March 9, 2022 and is subject to certain closing conditions. The Company has granted the Agents (as defined below) an over-allotment option, exercisable for 30 days following the closing date of the offering, to purchase up to an additional 15% of the number of Class A Shares and Preferred Shares issued at the closing of the offering.
- TORONTO, March 03, 2022 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A) Dividend Growth Split Corp. (the Company) is pleased to announce a successful overnight treasury offering of class A shares and preferred shares (the Class A Shares and Preferred Shares, respectively).
- Gross proceeds of the offering are expected to be approximately $67 million.
- The offering is expected to close on or about March 9, 2022 and is subject to certain closing conditions.
- The Company invests in a portfolio (the Portfolio) consisting primarily of equity securities of Canadian dividend growth companies.