Dividend 15 Split Corp. II Announces Renewed At-the-Market Equity Program
Dividend 15 Split Corporation II's At-The-Market Equity Program Renewal Approved
In the heart of Toronto, June 20, 2025, Dividend 15 Split Corp. II declared the refresh of their At-the-Market Equity Program (ATM Program) with a hefty target of up to $350 million in gross proceeds. The aim? To boost the company's financial flexibility, all while keeping their fingers on the pulse of ever-changing market conditions [1].
Now, until July 19, 2027 (unless terminated prematurely), the company is granted the leeway to peddle Class A Shares and Preferred Shares at their discretion through the Toronto Stock Exchange or any other Canadian marketplace [2]. Sales will occur at the prevailing market prices at the time of the transaction, giving the company the privilege to masterfully time and regulate the volume of share sales based on current market conditions and investment needs.
This program replaces the previous one initiated in May 2023, and it's underwritten by National Bank Financial Inc., ensuring regulatory compliance and maximizing potential returns for investors [1]. The equity distribution agreement with National Bank Financial Inc. provides vital support for the ATM Program, keeping things on the up-and-up with regulatory bodies [3].
Dividend 15 Split Corp. II sticks to its strategic mission of investing in a portfolio of 15 high-quality Canadian dividend-yielding stocks [1]. With key players such as Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, and a host of other heavyweights in their lineup, the company demonstrates a commitment to thoughtful investment decisions and effective risk management [2].
The ATM Program, unfortunately, comes with a catch. Like most mutual fund investments, commissions, trailing commissions, management fees, and expenses can pile up [2]. Before investing, individuals should carefully study the prospectus and consult their financial advisors [2]. Remember, past performance may not be a guarantee for future results [2]. So, navigate the investment waters with care, and remember, investors beware!
Questions regarding Dividend 15 Split Corp. II can be directed to 1-877-478-2372 or via local line 416-304-4443, and more information can be found at www.dividend15.com [2].
Footnotes:1. Dividend 15 Split Corp. II - Investor Presentation2. Dividend 15 Split Corp. II - Prospectus Supplement dated June 19, 20253. SEDAR - National Instrument 44-102 Shelf Distributions
In Toronto, Canada, Dividend 15 Split Corp. II, a company focused on investing in Canadian dividend-yielding stocks, has renewed their At-the-Market Equity Program (ATM Program) with a target of up to $350 million in gross proceeds. This program, underwritten by National Bank Financial Inc., will allow the company to sell Class A Shares and Preferred Shares in Canada until July 19, 2027, subject to regulatory compliance and potential investment needs. However, investors should be aware that commissions, trailing commissions, management fees, and expenses may apply, as with most mutual fund investments, and they should carefully study the prospectus and consult their financial advisors before making decisions. For more information, contact Dividend 15 Split Corp. II through their provided telephone numbers or visit their website.
