TORONTO, ONTARIO -- (Marketwire) -- 06/11/12 -- Dividend 15 Split Corp. II ("the Company") is pleased to announce that it has completed the offering of rights pursuant to the rights offering circular dated March 12, 2012 (the "Offering"). The Company issued 27,464 Units (each Unit consisting of one Class A Share and one Preferred Share of the Company) and received aggregate gross proceeds of $521,816 bringing the Company's net assets to approx. $75.7 million. Shares will trade on the Toronto Stock Exchange under the symbols DF (Class A Shares) and DF.PR.A (Preferred Shares).
The net proceeds from the offering of the Company 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 The Thomson Corporation 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
Since inception Class A shareholders have received a total of $6.00 per share and Preferred shareholders have received a total of $2.91 per share inclusive of this distribution, for a combined total of $8.91 per Unit.
Dividend 15 Split Corp. II
416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372)
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