Canadian Large Cap Leaders Split Corp.
$75,000,000.00
3,000,000.00 Securities at $10.00
Initial Public Offering - Closed - Thursday, February 22, 2024
Company Description
Canadian Large Cap Leaders Split Corp. is a mutual fund corporation which has been created to invest in an initially equally-weighted portfolio comprised primarily of equity securities of canadian dividend growth companies selected by the portfolio manager from the investable universe, that at the time of investment and immediately following each periodic reconstitution and rebalancing: (i) are listed on a Canadian exchange; (ii) pay a dividend; (iii) generally have a market capitalization of at least $10 billion; (iv) have options in respect of its equity securities that, in the opinion of the portfolio manager, are sufficiently liquid to permit the portfolio manager to write options in respect of such securities; and (v) have a history of dividend growth or, in the portfolio mManager’s view have high potential for future dividend growth.
| Address: |
Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2700, P.O. Box 27 Toronto, Ontario, M5J 2J1 Canada |
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| Phone Number: | 416-943-4065 |
| Fax Number: | |
| Website: |
| Industry: | Structured Products |
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| Closing Date: | Thursday, February 22, 2024 |
| 1st Day of Trading: | Thursday, February 22, 2024 |
| Primary Symbol: | NSP |
| Exchange: | Toronto |
Proceeds
The net proceeds of the offering will be used to purchase the securities for the portfolio.
| Gross Proceeds: | $75,000,000.00 |
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| Underwrting Fees: | $2,925,000.00 |
| Expense Offering: | $740,000.00 |
| Net Proceeds: | $71,335,000.00 |
| Lead Underwriter: | RBC Dominion Securities Inc. |
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| Other Underwriter(s): |
CIBC World Markets Inc. BMO Nesbitt Burns Inc. TD Securities Inc. Scotia Capital Inc. National Bank Financial Inc. Desjardins Securities Inc. Raymond James Ltd. Research Capital Corporation Hampton Securities Limited Canaccord Genuity Corp. Manulife Securities Incorporated Echelon Wealth Partners Inc. Wellington-Altus Private Wealth Inc. Richardson Wealth Ltd iA Private Wealth Inc. |
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