Global Real Estate Dividend Growers Corp.
$150,000,000.00
2,000,000.00 Common Shares at $10.00
Initial Public Offering - Closed - Friday, July 24, 2015
Company Description
Global Real Estate Dividend Growers Corp. is a corporation which through an investment strategy focuses primarily on investing in securities of issuers operating in the global real estate sector and related industries and that have exhibited sustainable dividend growth. The Fund will be managed by Middlefield Limited. Middlefield Capital Corporation will provide investment management advice to the Fund.
| Address: |
1 First Canadian Place, 100 King St. West, 58th Floor Toronto, Ontario, M5X 1A6 Canada |
|---|---|
| Phone Number: | 403 269-2100 |
| Fax Number: | 403 269-2911 |
| Website: |
| Industry: | Structured Products |
|---|---|
| Closing Date: | Friday, July 24, 2015 |
| 1st Day of Trading: | Friday, July 24, 2015 |
| Primary Symbol: | GRL |
| Exchange: | Toronto |
Proceeds
The net proceeds of the offering will be used to invest primarily in securities of real estate issuers in accordance with the Fund’s investment objectives, strategy and restrictions.
| Gross Proceeds: | $150,000,000.00 |
|---|---|
| Underwrting Fees: | $7,875,000.00 |
| Expense Offering: | $300,000.00 |
| Net Proceeds: | $141,825,000.00 |
| Lead Underwriter: | CIBC World Markets Inc. |
|---|---|
| Other Underwriter(s): |
RBC Dominion Securities Inc. BMO Nesbitt Burns Inc. TD Securities Inc. Scotia Capital Inc. National Bank Financial Inc. GMP Securities Ltd. Dundee Securities Corporation Raymond James Ltd. Middlefield Capital Corporation Canaccord Genuity Corp. Manulife Securities Incorporated Mackie Research Capital Corporation |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | -11.11 % | -11.11 % | 0.00 % | -98.00 % | |
| Post IPO Performance | -1.70 % |
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