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Article: Dividend 15 Split Corp. Announces Rights Offering.
- Article from:
- Marketwire Canada
- Article date:
- October 15, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Oct 15, 2009 (Marketwire via COMTEX) -- Dividend 15 Split Corp. (the "Company") is pleased to announce that it will issue rights ("Rights"), to all Class A Shareholders. Each Class A Shareholder will be entitled to receive one Right for each Class A Share held as of the record date of October 21, 2009. Four Rights will entitle the holder to purchase a Unit consisting of one Class A Share and one Preferred Share for $19.75. The Rights will expire at 4:00 p.m. (local time) on November 16, 2009, the expiry date. If all the Rights are exercised the Company will issue approximately 2,509,428 Units and will receive net proceeds of $48,708,375. The net proceeds ...