Dividend 15 Split Corp.’s C$100 Million Offering

McCarthy Tétrault advised the lead agent in connection with Dividend 15 Split Corp.’s offering.

Dividend 15 Split Corp. (TSE:DFN) completed its overnight offering of Preferred Shares and Class A Shares. Total gross proceeds of the offering were C$100.1 million, bringing Dividend 15 Split Corp.’s net assets to approximately $1.5 billion.
The Preferred Shares were offered at a price of $10.05 per Preferred Share to yield 5.5% and the Class A Shares were offered at a price of $8.15 per Class A Share to yield 14.7%. The offering was led by National Bank Financial Inc.

McCarthy Tétrault advised National Bank Financial Inc. , as lead agent, with a team led by Andrew Armstrong (Picture) and that included Michael Eldridge (Capital Markets), Gabrielle Richards, and Fred Purkey (Tax).

Involved fees earner: Andrew Armstrong – McCarthy Tétrault; Michael Eldridge – McCarthy Tétrault; Fred Purkey – McCarthy Tétrault; Gabrielle Richards – McCarthy Tétrault;

Law Firms: McCarthy Tétrault;

Clients: National Bank Financial Inc.;

Author: Sonia Carcano