Stocks in play: Dividend Growth Split Corp.
Announced that it has completed the previously announced treasury offering of class A shares and preferred shares, respectively, for aggregate gross proceeds of approximately $76.4 million. The Class A Shares and Preferred Shares will trade on the Toronto Stock Exchange under the existing symbols DGS (Class A Shares) and DGS.PR.A (Preferred Shares). Over the last 10 years, the Class A Shares have delivered a 16.0% per annum total return based on NAV, outperforming the S&P/TSX Composite Index by 7.4% per annum. The Preferred Shares have delivered a 5.4% per annum return over the last 10 years, outperforming the S&P/TSX Preferred Share Index by 2.2% per annum. Dividend Growth Split Corp. shares T.DGS are trading down $0.04 at $6.64.
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