TDb Split Corp. Completes Overnight Offering of $35,643,935
December 23 2019 - 8:39AM
TDb Split Corp. (the “Company”) is pleased to announce it has
completed the overnight offering of 2,600,012 Priority Equity
Shares and 1,568,100 Class A Shares of the Company. Total gross
proceeds of the offering were $35.6 million, bringing the Company’s
net assets to approximately $75.5 million.
The shares will trade on the Toronto Stock
Exchange under the existing symbols of XTD.PR.A (Priority Equity
Shares) and XTD Class A Shares.
The Priority Equity Shares were offered at a
price of $10.00 per Share to yield 5.25% and the Class A Shares
were offered at a price of $6.15 per Class A Share to yield
9.75%.
The offering was co-led by National Bank
Financial Inc., CIBC World Markets Inc., Scotia Capital Inc. and
also included TD Securities Inc., BMO Nesbitt Burns Inc., RBC
Dominion Securities Inc., Canaccord Genuity Corp., Echelon Wealth
Partners Inc., Industrial Alliance Securities Inc., Raymond James
Ltd, Desjardins Securities Inc., Hampton Securities Ltd., Mackie
Research Capital Corporation, Manulife Securities Incorporated.
The net proceeds of the offering will be used by
the Company to invest in common shares of Toronto-Dominion Bank, a
leading Canadian Financial institution.
Commissions, trailing commissions, management
fees and expenses all may be associated with mutual fund
investments. Investors should read the prospectus before investing.
Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated. Please read
the Company’s publicly filed documents which are available at
www.sedar.com.
Investor Relations: 1-877-478-2372 |
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Local: 416-304-4443 |
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www.tdbsplit.com |
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info@quadravest.com |
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