Dividend 15 Split Corp. II (the "Company") is pleased to announce that it has
completed the overnight marketing of up to 1,935,000 Preferred Shares and up to
1,935,000 Class A Shares. Total proceeds of the offering are expected to be
approximately $35.8 million. The Company has granted the dealers an
overallotment of 290,250 units if exercised, bringing the total to $41.2
million.


The offering is being co-led by National Bank Financial Inc., CIBC and RBC
Capital Markets and also includes BMO Capital Markets, TD Securities Inc., GMP
Securities L.P. and Canaccord Genuity Corp. The sales period of the overnight
offering has now ended.


The Preferred Shares will be offered at a price of $10.00 per Preferred Share to
yield 5.25% on the issue price and the Class A Shares will be offered at a price
of $8.50 per Class A Share to yield 14.12% on the issue price. The closing price
on the TSX of each of the Preferred Shares and the Class A Shares on March 26,
2014 was $10.22 and $9.10, respectively.


The net proceeds of the secondary offering 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:




Bank of Montreal         Enbridge Inc.             TELUS Corporation        
The Bank of Nova Scotia  Manulife Financial Corp.  Thomson-Reuters          
BCE Inc.                 National Bank of Canada    Corporation             
Canadian Imperial Bank   Royal Bank of Canada      The Toronto-Dominion Bank
 of Commerce             Sun Life Financial Inc.   TransAlta Corporation    
CI Financial Corp.                                 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 Company will today file an amended and restated preliminary short form
prospectus, containing important information relating to the Preferred Shares
and the Class A Shares, with securities commissions or similar authorities in
all provinces of Canada. The amended and restated preliminary short form
prospectus is still subject to completion or amendment. Copies of the amended
and restated preliminary short form prospectus may be obtained from your
registered financial advisor using the contact information for such advisor, or
from representatives of the underwriters listed above. Investors should read the
prospectus before making an investment decision. There will not be any sale or
any acceptance of an offer to buy the securities until a receipt for the final
prospectus has been issued.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Dividend 15 Split Corp. II
Investor Relations
416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)
www.dividend15.com
Dividend 15 Split Corp II (TSX:DF)
Historical Stock Chart
From Dec 2024 to Dec 2024 Click Here for more Dividend 15 Split Corp II Charts.
Dividend 15 Split Corp II (TSX:DF)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Dividend 15 Split Corp II Charts.