Parties
Company
Global Dividend Growth Split Corp.
Bank
RBC Dominion Securities Inc.
On April 14, 2023, Global Dividend Growth Split Corp. announced an at-the-market equity offering of up to $150 million, equally split between Class A and Preferred Shares ($75 million each), listed on the TSX under "GDV" and "GDV.PR.A." The offering, closing by October 2024, aims to fund investments in large-cap global dividend growth companies.
RBC Dominion Securities Inc. acted as the sole agent. Legal counsel was provided by Osler, Hoskin & Harcourt LLP (issuer) and Stikeman Elliott LLP (agent). A 2.5% commission applies, with additional offering expenses estimated at $100,000.
The shares offer quarterly (Preferred) and monthly (Class A) distributions, with capital appreciation potential, aligning with the company's investment and rebalancing criteria.
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
$ 75,000,000Deal Status
ClosedClosing Date
22 October 2024