{"id":10235,"date":"2010-03-24T11:48:22","date_gmt":"2010-03-24T15:48:22","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=10235"},"modified":"2010-03-24T11:48:22","modified_gmt":"2010-03-24T15:48:22","slug":"dfn-pr-a-gets-bigger","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=10235","title":{"rendered":"DFN.PR.A Gets Bigger"},"content":{"rendered":"<p>Dividend 15 Split Corp. <a href=\"http:\/\/www.dividend15.com\/pdf\/DFN%20Mar3.10-Offering.pdf\">announced on March 3<\/a>:<\/p>\n<blockquote><p>that it has filed a short form prospectus in each of the provinces of Canada with respect to an additional offering of Preferred Shares and Class A Shares. The offering will be co-led by RBC Capital Markets and CIBC World Markets. The Company will file an amended and restated prospectus shortly outlining the offering prices set forth below.<\/p>\n<p>The Preferred Shares will be offered at a price of $10.00 per share to yield 5.25% based on current distribution policy. The closing price of the preferred shares on March 2, 2010 on the TMX was $10.40.<\/p>\n<p>The Class A shares will be offered at a price of $11.00 per share to yield 10.91% based on current distribution<br \/>\npolicy. The closing price of the preferred shares on March 2, 2010 on the TMX was $11.99.<\/p><\/blockquote>\n<p>It <a href=\"http:\/\/www.dividend15.com\/pdf\/DFN%20Mar10.10-FinalProspectus.pdf\">announced on March 10<\/a> that it:<\/p>\n<blockquote><p>filed a final prospectus for its secondary offering of 2,400,000 Preferred Shares and 2,400,000 Class A Shares of the Company for aggregate gross proceeds of $50,400,000, bringing the Company\u2019s net assets to approximately $273 million.<\/p><\/blockquote>\n<p>Finally, it <a href=\"http:\/\/www.dividend15.com\/pdf\/DFN%20Mar16.10-Closing.pdf\">announced on March 16<\/a> that it:<\/p>\n<blockquote><p>completed its secondary offering of 2,400,000 Preferred Shares and 2,400,000 Class A Shares of the Company for aggregate gross proceeds of $50,400,000, bringing the Company\u2019s net assets to approximately $273 million.<\/p><\/blockquote>\n<p>DFN.PR.A was last mentioned on PrefBlog when it was <a href=\"http:\/\/www.prefblog.com\/?p=9095\">reviewed by Larry MacDonald<\/a>.<\/p>\n<p>DFN.PR.A is tracked by HIMIPref&trade; but is relegated to the Scraps index on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dividend 15 Split Corp. announced on March 3: that it has filed a short form prospectus in each of the provinces of Canada with respect to an additional offering of Preferred Shares and Class A &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-10235","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/10235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10235"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/10235\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}