DFN.PR.A Dividend 15 Split Corp

Dividend 15 Split Corp. (the "Company") is pleased to announce that it has filed
a short form prospectus in each of the provinces of Canada with respect to an
additional offering of Preferred Shares and Class A Shares. The offering will be
co-led by National Bank Financial, CIBC World Markets and RBC Capital Markets.


The Class A shares will be offered at a price of $10.75 per share to yield
11.16% and the Preferred Shares will be offered at a price of $10.00 per share
to yield 5.25%. The closing price of the Class A Shares on September 23, 2013 on
the TSX was $11.32 and the closing price of the Preferred Shares on September
23, 2013 on the TSX was $10.25. Since the Company commenced on March 16, 2004,
it has exceeded its distribution objectives. The aggregate dividends paid on
Class A shares have been $14.80 per share, representing 113 regular consecutive
monthly distributions, plus six special distributions. The Preferred Shares have
received a total of $4.96 per share for a combined total distribution of $19.76
per unit paid by the Company. All distributions have been made in tax advantage
eligible Canadian dividends or capital gains dividends.


The proceeds of the secondary offering, net of expenses and the Agents' fee,
will be used by the Company to invest in an actively managed portfolio of
dividend-yielding common shares which includes each of the 15 Canadian companies
listed below. These are currently among the highest dividend-yielding securities
in the S&P/TSX 60 Index:




Bank of Montreal          Enbridge Inc.            TELUS Corporation        
The Bank of Nova Scotia   Manulife Financial Corp. Thomson-Reuters          
                                                    Corporation             
BCE Inc.                  National Bank of Canada  The Toronto-Dominion Bank
Canadian Imperial Bank of Royal Bank of Canada     TransAlta Corporation    
 Commerce                                                                   
CI Financial Corp.        Sun Life Financial Inc.  TransCanada Corporation  



The Company's investment objectives are:

Preferred Shares:



i.  to provide holders of the Preferred Shares with fixed, cumulative
    preferential monthly cash dividends in the amount of $0.04375 per
    Preferred Share to yield 5.25% per annum on the original issue price;
    and 
ii. on or about December 1, 2019, to pay the holders of the Preferred Shares
    the original issue price of those shares. 



Class A Shares:



i.  to provide holders of the Class A Shares with regular monthly cash
    dividends initially targeted to be $0.10 per Class A; and 
ii. on or about December 1, 2019, to pay the holders of Class A Shares at
    least the original issue price of those shares. 



The sales period of this overnight offering will end at 8:30 a.m. EST on
September 25, 2013.


A copy of the preliminary short form prospectus is available from National Bank
Financial, CIBC World Markets and RBC Capital Markets.


Commissions, trailing commissions, management fees and expenses all may be
associated with mutual fund investments. Investors should read the prospectus
before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dividend 15 Split Corp.
Investor Relations
416-304-4443
1-877-478-2372
info@dividend15.com
www.dividend15.com

Grafico Azioni Dividend 15 Split (TSX:DFN.PR.A)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Dividend 15 Split (TSX:DFN.PR.A)
Storico
Da Giu 2023 a Giu 2024