Brompton's Dividend Growth Split raises C$101.5M in overnight offering
What's the deal? Dividend Growth Split Corp.Dealroom has a profile for this one. Try Dealroom → (TSX: DGS) said it expects to raise roughly C$101.5 million in an overnight treasury offering of class A and preferred shares. The offering is expected to close on or about August 19, 2026, subject to closing conditions.
The terms: The class A shares were priced at C$8.75 each for a 13.7% distribution rate on the issue price, while preferred shares were priced at C$10.75 to yield 6.3%.
The fund granted agents a 30-day over-allotment option to buy additional shares equal to up to 15% of the class A shares issued at closing.
Who's behind it? The offering is led by RBC Capital MarketsDealroom has a profile for this one. Try Dealroom →, CIBC Capital MarketsDealroom has a profile for this one. Try Dealroom →, National Bank FinancialDealroom has a profile for this one. Try Dealroom →, and ScotiabankDealroom has a profile for this one. Try Dealroom →, with a wider syndicate that includes BMO Capital MarketsDealroom has a profile for this one. Try Dealroom →, TD SecuritiesDealroom has a profile for this one. Try Dealroom →, Canaccord GenuityDealroom has a profile for this one. Try Dealroom →, and Raymond JamesDealroom has a profile for this one. Try Dealroom →.
What's the endgame? Managed by Brompton FundsDealroom has a profile for this one. Try Dealroom →, the fund invests mainly in equity securities of Canadian dividend growth companies. It can hold up to 20% of the portfolio in global dividend growth names for diversification.
To qualify, a company must have a market capitalisation of at least C$2 billion and either a history of dividend growth or, in Brompton's view, strong potential for it.
The signal: The raise reflects steady investor appetite for income-generating products in a market where high yields remain a draw. Brompton, which has run investment products for over 25 years, is leaning on that demand to grow the fund's asset base.
Read more: StreetInsider
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