Dividend 15 Split Corp II Launches $350M At-the-Market Equity Program for Capital Enhancement
- Dividend 15 Split Corp. II renews its ATM Program to raise up to $350 million, enhancing capital flexibility.
- The program allows share sales on the Toronto Stock Exchange, optimizing timing and volume for capital raising.
- Focused on high-quality Canadian dividend-yielding stocks, the company emphasizes informed investment decisions and risk management.
Dividend 15 Split Corp. II Launches New At-the-Market Equity Program
In a strategic move to enhance its capital structure, Dividend 15 Split Corp. II announces the renewal of its at-the-market equity program (ATM Program), allowing the company to issue Class A Shares and Preferred Shares with a maximum gross proceeds of $350 million. Effective until July 19, 2027, this program replaces the previous ATM initiative established in May 2023. The decision aims to provide flexibility and efficiency in capital raising, aligning with the company’s investment strategies focused on high-quality Canadian dividend-yielding stocks.
The ATM program facilitates share sales through the Toronto Stock Exchange and other Canadian marketplaces at prevailing market prices. This approach allows Dividend 15 Split Corp. II to respond dynamically to market conditions, optimizing the timing and volume of share distributions at the company’s discretion. The program is backed by an equity distribution agreement with National Bank Financial Inc., ensuring adherence to regulatory frameworks while maximizing potential investor returns.
By focusing on a diverse portfolio that includes major financial institutions such as Bank of Montreal, Royal Bank of Canada, and Canadian Imperial Bank of Commerce, Dividend 15 Split Corp. II aims to capitalize on stable dividend income. The company emphasizes its commitment to transparency and risk management, urging investors to review the prospectus supplement dated June 19, 2025, which complements its short form base shelf prospectus. This guidance is crucial as the company acknowledges that mutual fund investments are subject to market fluctuations and are not guaranteed, thus emphasizing the importance of informed investment decisions.
In addition to the ATM program, Dividend 15 Split Corp. II highlights the significance of its investment strategy in sustaining long-term growth. The focus on high-quality dividend-yielding stocks positions the company to leverage the stability offered by established financial institutions, providing a balanced approach to risk and return.
As Dividend 15 Split Corp. II moves forward with this renewed ATM program, potential investors are encouraged to remain abreast of market developments and consider the associated risks detailed in the prospectus. The company’s proactive approach in managing its equity structure is indicative of its commitment to maximizing value for its shareholders while navigating the complexities of the investment landscape.