Global Dividend Growth Split Corp.
$200,200,000.00
9,100,000.00 Common Shares at $12.00
Initial Public Offering - Closed - Friday, June 15, 2018
Company Description
Global Dividend Growth Split Corp. is a mutual fund corporation established to invest in a diversified portfolio of equity securities of large capitalization global dividend growth companies selected by the Manager, may selectively write covered call options from time to time in order to enhance the Company’s total returns and to mitigate the overall volatility of the portfolio and will hedge substantially all of its foreign currency exposure back to the Canadian dollar.
| Address: |
181 Bay Street, Bay Wellington Tower, Brookfield Place, Suite 2930 Toronto, Ontario, M5J 2T3 Canada |
|---|---|
| Phone Number: | 416 642 9050 |
| Fax Number: | 416 642 6001 |
| Website: |
| Industry: | Structured Products |
|---|---|
| Closing Date: | Friday, June 15, 2018 |
| 1st Day of Trading: | Friday, June 15, 2018 |
| Primary Symbol: | GDV |
| Exchange: | Toronto |
Proceeds
The net proceeds of the offering will be used to purchase securities for the portfolio following the closing date.
| Gross Proceeds: | $200,200,000.00 |
|---|---|
| Underwrting Fees: | $7,644,000.00 |
| Expense Offering: | $630,000.00 |
| Net Proceeds: | $191,926,000.00 |
| Lead Underwriter: | RBC Dominion Securities Inc. |
|---|---|
| Other Underwriter(s): |
CIBC World Markets Inc. BMO Nesbitt Burns Inc. TD Securities Inc. Scotia Capital Inc. National Bank Financial Inc. Desjardins Securities Inc. GMP Securities Ltd. Raymond James Ltd. Industrial Alliance Securities Inc. Canaccord Genuity Corp. Mackie Research Capital Corporation Echelon Wealth Partners Inc. |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | 0.00 % | -1.36 % | 0.00 % | -5.21 % | -9.00 % |
| Post IPO Performance | -4.17 % | -4.17 % | -21.25 % |
The content of this page is transmitted strictly for informational purposes. Investments must be selected in accordance with the investor's respective objectives. Desjardins Online Brokerage does not issue any recommendations or endorsements concerning any particular product, its potential value or appropriateness, or any specific strategy. It is highly recommended to read the prospectus before making any type of investment.