Financial 15 Split Corp. Announces Successful Overnight Offering
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 02/16/17 -- Financial 15 Split Corp. (the "Company") is pleased to announce it has completed the overnight marketing of up to 2,980,000 Preferred Shares and up to 2,980,000 Class A Shares of the Company. The total proceeds of the offering are expected to be approximately $61.1 million.
The offering is being co-led by National Bank Financial Inc., CIBC, Scotia Capital Inc., RBC Capital Markets, and also includes BMO Capital Markets, GMP Securities L.P., Canaccord Genuity Corp., Raymond James, Desjardins Securities Inc., Echelon Wealth Partners, Mackie Research Capital Corporation and Manulife Securities Incorporated.
The sales period of the overnight offering has now ended.
The Preferred Shares will be offered at a price of $10.00 per Preferred Share to yield 5.25% and the Class A Shares will be offered at a price of $10.50 per Class A Share to yield 14.37%.
The closing price on the TSX of each of the Preferred Shares and the Class A Shares on February 15, 2017 was $10.25 and $10.86, respectively.
The net proceeds of the offering will be used by the Company to invest in an actively managed, high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows:
The Company''s investment objectives are:
Preferred Shares:
Class A Shares:
The Company will today file an amended and restated preliminary short form prospectus, containing important information relating to the Preferred Shares and Class A Shares, with securities commissions or similar authorities in all provinces of Canada. The amended and restated preliminary short form prospectus is still subject to completion or amendment. Copies of the amended and restated preliminary short form prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the underwriters listed above. Investors should read the prospectus before making an investment decision. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
Contacts:
Financial 15 Split Corp.
Investor Relations
416-304-4443 Toll free at 1-877-4-Quadra (1-877-478-2372)
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Datum: 16.02.2017 - 08:29 Uhr
Sprache: Deutsch
News-ID 1487278
Anzahl Zeichen: 2482
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TORONTO, ONTARIO
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Personal Finance
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