Parties
Company
Dividend Growth Split Corp.
Bank
RBC Dominion Securities Inc.
On January 31, 2025, Dividend Growth Split Corp. announced a $200 million at-the-market (ATM) offering, comprising up to $100 million in Preferred Shares and $100 million in Class A Shares, listed on the Toronto Stock Exchange (TSX) under “DGS.PR.A” and “DGS.” The offering is being conducted through RBC Dominion Securities Inc. as the exclusive agent under an equity distribution agreement. Preferred Shares offer fixed quarterly distributions of $0.16875 per share ($0.675 annually) until August 30, 2029, while Class A Shares target monthly distributions of $0.10 per share.
The previous ATM program, which ended on January 29, 2025, raised approximately $93.9 million through the issuance of 7,386,731 Preferred Shares and 2,606,300 Class A Shares.
Proceeds from the new offering will be used per the Company’s investment objectives.
Osler, Hoskin & Harcourt LLP advised the Company, while Stikeman Elliott LLP represented RBC Dominion Securities. The TSX has conditionally approved the listing, subject to standard requirements.
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
$ 200,000,000Deal Status
ActiveClosing Date