Global Innovation Dividend Fund
$250,000,000.00
25,000,000.00 Units at $10.00
Initial Public Offering - Closed - Friday, March 23, 2018
Company Description
Global Innovation Dividend Fund is a non-redeemable investment fund which objectives are to provide an investement portfolio to holders through a diversified, actively managed portfolio comprised primarily of dividend-paying securities of global issuers focused on, involved in, or that derive a significant portion of their revenue from, the development or commercialization of products or services related to major technological innovations including the use of blockchain technology, genomics, artificial intelligence, big data, e-commerce, cybersecurity, the internet of things and autonomous vehicles.
| Address: |
812 Memorial Drive N.W. Calgary, Alberta, T2N 3C8 Canada |
|---|---|
| Phone Number: | 403 269 2100 |
| Fax Number: | 403 269 2911 |
| Website: |
| Industry: | Structured Products |
|---|---|
| Closing Date: | Friday, March 23, 2018 |
| 1st Day of Trading: | Friday, March 23, 2018 |
| Primary Symbol: | BL |
| Exchange: | Toronto |
Proceeds
The net proceeds of the offering will be used to invest primarily in securities of global Innovators and to fund the ongoing fees and expenses of the Fund
| Gross Proceeds: | $250,000,000.00 |
|---|---|
| Underwrting Fees: | $11,250,000.00 |
| Expense Offering: | $500,000.00 |
| Net Proceeds: | $238,250,000.00 |
| 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. Desjardins Securities Inc. Raymond James Ltd. Middlefield Capital Corporation Industrial Alliance Securities Inc. Canaccord Genuity Corp. Manulife Securities Incorporated Mackie Research Capital Corporation |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 28.90 % |
| Post IPO Performance | -1.90 % | -0.20 % | -1.00 % |
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