Dividend Select 15 Corp. Establishes At-The-Market Equity Program
14 Dezember 2021 - 3:00PM
Dividend Select 15 Corp. (the “Company”) announces it has
established an at-the-market equity program (“ATM Program”) that
allows the Company to issue shares of the Company to the public
from time to time at the Company’s discretion, effective until
January 9, 2024, unless terminated prior to such date by the
Company. Any Equity 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 Equity Shares are listed, quoted
or otherwise traded at the prevailing market price at the time of
sale. Sales of Equity Shares through the ATM Program will be made
pursuant to the terms of an equity distribution agreement dated
December 13, 2021 with National Bank Financial Inc. (the “Agent”).
Sales of Equity Shares will be made by way of
“at-the-market distributions” as defined in National Instrument
44-102 Shelf Distributions on the TSX or on any marketplace for the
Equity Shares in Canada. Since the Equity Shares will be
distributed at the prevailing market prices at the time of the
sale, prices may vary among purchasers during the period of
distribution. The ATM Program is being offered pursuant to a
prospectus supplement dated December 13, 2021 to the Company’s
short form base shelf prospectus dated December 9, 2021. The
maximum gross proceeds from the issuance of the shares will be
$30,000,000. Copies of the prospectus supplement and the short form
base shelf prospectus may be obtained from your registered
financial advisor using the contact information for such advisor,
or from representatives of the Agent and are available on SEDAR at
www.sedar.com.
The volume and timing of distributions under the
ATM Program, if any, will be determined at the Company’s sole
discretion. The Company intends to use the proceeds from the ATM
Program in accordance with the investment objectives and investment
strategies of the Company, subject to the investment restrictions
of the Company.
The Company invests in a portfolio of 15
Canadian companies selected from the following 20 company universe
which are among the highest Canadian dividend yielding stocks.
Bank of Montreal |
Great West Lifeco Inc. |
TELUS Corporation |
BCE Inc. |
Loblaw Companies Limited |
The Bank of Nova Scotia |
CIBC |
National Bank of Canada |
The Toronto-Dominion Bank |
CI Financial Corp. |
Ovintiv Inc. |
Thomson Reuters Corporation |
Cenovus Energy Inc. |
Power Corporation of Canada |
TMX Group Inc. |
Enbridge Inc. |
Royal Bank of Canada |
TransAlta Corporation |
|
Sun Life Financial Inc. |
TC Energy Corporation |
|
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Certain statements included in this news release
constitute forward-looking statements, including, but not limited
to, those identified by the expressions “expect”, “intend”, “will”
and similar expressions to the extent they relate to the Company.
The forward-looking statements are not historical facts but reflect
the Company’s current expectations regarding future results or
events. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or events
to differ materially from current expectations. Although the
Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking
statements are not guarantees of future performance and,
accordingly, readers are cautioned not to place undue reliance on
such statements due to the inherent uncertainty therein. The
Company undertakes no obligation to update publicly or otherwise
revise any forward-looking statement or information whether as a
result of new information, future events or other such factors
which affect this information, except as required by law.
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. Please read the Company’s publicly filed
documents which are available at www.sedar.com.
For further information, please contact
Investor Relations at:1-877-478-2372Local:
416-304-4443www.dividendselect15.cominfo@quadravest.com
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