{"id":13759,"date":"2011-01-16T00:41:30","date_gmt":"2011-01-16T04:41:30","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=13759"},"modified":"2011-01-16T00:41:30","modified_gmt":"2011-01-16T04:41:30","slug":"dfn-pr-a-secondary-offering-successful","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=13759","title":{"rendered":"DFN.PR.A Secondary Offering Successful"},"content":{"rendered":"<p>Dividend 15 Split Corp. <a href=\"http:\/\/www.dividend15.com\/pdf\/DFN%20Dec21.10-Closing.pdf\">announced on December 21<\/a> that it:<\/p>\n<blockquote><p>completed its secondary offering of 2,500,000 Preferred Shares and 2,500,000 Class A Shares of the Company for aggregate gross proceeds of $55,000,000, bringing the Company\u2019s net assets to approximately $326 million. Shares will continue to trade on the Toronto Stock Exchange under the existing symbols DFN (Class A Shares) and DFN.PR.A (Preferred Shares).<\/p>\n<p>The Preferred Shares were offered at a price of $10.00 per share to yield 5.25% based on current distribution policy. The Class A Shares were offered at a price of $12.00 per share to yield 10.00% based on current distribution policy. RBC Capital Markets and CIBC World Markets were co-lead agents for the offering.<\/p><\/blockquote>\n<p>Additionally, they <a href=\"http:\/\/www.dividend15.com\/pdf\/DFN%20Jan7.11-OverAllotment.pdf\">announced on January 7<\/a> that they:<\/p>\n<blockquote><p>issued an additional 157,000 Class A Shares and 157,000 Preferred Shares of the Company for aggregate gross proceeds of $3,454,000. This brings the Company\u2019s net assets to approximately $328 million. The additional shares trade on the Toronto Stock Exchange under the existing symbols DFN (Class A Shares) and DFN.PR.A (Preferred Shares).<\/p><\/blockquote>\n<p>DFN.PR.A was last mentioned on PrefBlog when <a href=\"http:\/\/www.prefblog.com\/?p=13200\">the offering was announced<\/a>. 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 December 21 that it: completed its secondary offering of 2,500,000 Preferred Shares and 2,500,000 Class A Shares of the Company for aggregate gross proceeds of $55,000,000, bringing the Company\u2019s &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-13759","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/13759","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=13759"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/13759\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}