DIVIDEND GROWTH SPLIT CORP.


Associated tags: DGS, TSX, Security (finance), Brompton, Toronto Stock Exchange, Disclosure, RBC Capital Markets, History, Financial services, Scotiabank, BMO Capital Markets, S&P, Class A share, Compound annual growth rate, ETF, NAV, Sale

Dividend Growth Split Corp. Announces Extension of Term

Retrieved on: 
Tuesday, March 12, 2024

The current maturity date of September 27, 2024 will be extended for an additional term of approximately 5 years to August 30, 2029.

Key Points: 
  • The current maturity date of September 27, 2024 will be extended for an additional term of approximately 5 years to August 30, 2029.
  • The term extension offers Preferred shareholders the opportunity to enjoy preferential cash dividends until August 30, 2029.
  • (2)
    The Fund invests, on an approximately equally-weighted basis, in a portfolio consisting primarily of equity securities of Canadian dividend growth companies.
  • In addition, the Fund may hold up to 20% of the total assets of the portfolio in global dividend growth companies for diversification and enhanced return potential.

Dividend Growth Split Corp. Establishes At-The-Market Equity Program

Retrieved on: 
Friday, April 14, 2023

TORONTO, April 14, 2023 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A) Dividend Growth Split Corp. (the “Company”) is pleased to announce it has established an at-the-market equity program (“ATM Program”) that allows the Company to issue class A and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively) to the public from time to time, at the Company’s discretion. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated April 14, 2023 (the “Equity Distribution Agreement”) with RBC Capital Markets (the “Agent”).

Key Points: 
  • TORONTO, April 14, 2023 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A) Dividend Growth Split Corp. (the “Company”) is pleased to announce it has established an at-the-market equity program (“ATM Program”) that allows the Company to issue class A and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively) to the public from time to time, at the Company’s discretion.
  • Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated April 14, 2023 (the “Equity Distribution Agreement”) with RBC Capital Markets (the “Agent”).
  • The volume and timing of distributions under the ATM Program, if any, will be determined at the Company’s sole discretion.
  • The Company invests in a portfolio (the “Portfolio”) consisting primarily of equity securities of Canadian dividend growth companies.

Dividend Growth Split Corp. Declares Class A Share Distribution

Retrieved on: 
Friday, July 22, 2022

TORONTO, July 22, 2022 (GLOBE NEWSWIRE) -- (TSX: DGS) Dividend Growth Split Corp. (DGS) is pleased to announce a distribution payable on August 15, 2022 to class A shareholders of record at the close of business on July 29, 2022 in the amount of $0.10 per class A share.

Key Points: 
  • TORONTO, July 22, 2022 (GLOBE NEWSWIRE) -- (TSX: DGS) Dividend Growth Split Corp. (DGS) is pleased to announce a distribution payable on August 15, 2022 to class A shareholders of record at the close of business on July 29, 2022 in the amount of $0.10 per class A share.
  • Each month, DGS reviews whether the net asset value per unit meets this requirement in order to determine if a class A share distribution will be announced for such month.
  • DGS offers a distribution reinvestment plan (DRIP) for class A shareholders which provides class A shareholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth.
  • Class A shareholders can enroll in a DRIP program by contacting their investment advisor.

Dividend Growth Split Corp. Completes Treasury Offering

Retrieved on: 
Wednesday, March 9, 2022

TORONTO, March 09, 2022 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A) 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 $67 million. The Class A Shares and Preferred Shares will trade on the Toronto Stock Exchange (“TSX”) under the existing symbols DGS (Class A Shares) and DGS.PR.A (Preferred Shares).

Key Points: 
  • TORONTO, March 09, 2022 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A) 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 $67 million.
  • The Company invests in a portfolio (the Portfolio) consisting primarily of equity securities of Canadian dividend growth companies.
  • In addition, the Company may hold up to 20% of the total assets of the Portfolio in global dividend growth companies for diversification and improved return potential, at the discretion of Brompton Funds Limited (the Manager).
  • 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, each dividend growth company included in the Portfolio must have (i) a market capitalization of at least $2.0 billion; and (ii) a history of dividend growth or, in the Managers view, have high potential for future dividend growth.

Dividend Growth Split Corp. Announces Successful Overnight Offering

Retrieved on: 
Thursday, March 3, 2022

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.

Key Points: 
  • 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.

Dividend Growth Split Corp. Completes Treasury Offering

Retrieved on: 
Wednesday, December 15, 2021

TORONTO, Dec. 15, 2021 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A) 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 $76.4 million. The Class A Shares and Preferred Shares will trade on the Toronto Stock Exchange (“TSX”) under the existing symbols DGS (Class A Shares) and DGS.PR.A (Preferred Shares).

Key Points: 
  • TORONTO, Dec. 15, 2021 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A) 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 $76.4 million.
  • The Company invests in a portfolio (the Portfolio) consisting primarily of equity securities of Canadian dividend growth companies.
  • In addition, the Company may hold up to 20% of the total assets of the Portfolio in global dividend growth companies for diversification and improved return potential, at the discretion of Brompton Funds Limited (the Manager).
  • 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, each dividend growth company included in the Portfolio must have (i) a market capitalization of at least CDN$2.0 billion; and (ii) a history of dividend growth or, in the Managers view, have high potential for future dividend growth.

Dividend Growth Split Corp. Announces Successful Overnight Offering

Retrieved on: 
Thursday, December 9, 2021

TORONTO, Dec. 09, 2021 (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).

Key Points: 
  • TORONTO, Dec. 09, 2021 (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 $76.4 million.
  • The offering is expected to close on or about December 15, 2021 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.

Dividend Growth Split Corp. Completes Treasury Offering

Retrieved on: 
Tuesday, September 28, 2021

TORONTO, Sept. 28, 2021 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A) 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 $60.2 million. The Class A Shares and Preferred Shares will trade on the Toronto Stock Exchange (“TSX”) under the existing symbols DGS (Class A Shares) and DGS.PR.A (Preferred Shares).

Key Points: 
  • TORONTO, Sept. 28, 2021 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A) 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 $60.2 million.
  • The Company invests in a portfolio (the Portfolio) consisting primarily of equity securities of Canadian dividend growth companies.
  • In addition, the Company may hold up to 20% of the total assets of the Portfolio in global dividend growth companies for diversification and improved return potential, at the discretion of Brompton Funds Limited (the Manager).
  • 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, each dividend growth company included in the Portfolio must have (i) a market capitalization of at least CDN$2.0 billion; and (ii) a history of dividend growth or, in the Managers view, have high potential for future dividend growth.

Dividend Growth Split Corp. Announces Successful Overnight Offering

Retrieved on: 
Wednesday, September 22, 2021

TORONTO, Sept. 22, 2021 (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 $60.2 million. The offering is expected to close on or about September 28, 2021 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.

Key Points: 
  • TORONTO, Sept. 22, 2021 (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 $60.2 million.
  • The offering is expected to close on or about September 28, 2021 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.

Dividend Growth Split Corp. Completes Treasury Offering

Retrieved on: 
Tuesday, July 20, 2021

TORONTO, July 20, 2021 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A) 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 $62.4 million.

Key Points: 
  • TORONTO, July 20, 2021 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A) 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 $62.4 million.
  • The Company invests in a portfolio (the Portfolio) consisting primarily of equity securities of Canadian dividend growth companies.
  • In addition, the Company may hold up to 20% of the total assets of the Portfolio in global dividend growth companies for diversification and improved return potential, at the discretion of Brompton Funds Limited (the Manager).
  • 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, each dividend growth company included in the Portfolio must have (i) a market capitalization of at least CDN$2.0 billion; and (ii) a history of dividend growth or, in the Managers view, have high potential for future dividend growth.