Date Closed

September 17, 2021

Lead Office

Toronto

Value

100.10 Million CAD

On September 17, 2021, Dividend 15 Split Corp. 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 that included Michael Eldridge (Capital Markets), Gabrielle Richards, and Fred Purkey (Tax).