Globalance Dividend Growers Corp. Announces Exchange Ratios
Globalance Dividend Growers Corp. Announces Exchange Ratios
Canada NewsWire
CALGARY, Oct. 9, 2015
CALGARY, Oct. 9, 2015 /CNW/ - Middlefield Group, on behalf of Globalance Dividend Growers Corp. (the "Fund"), is pleased to announce the exchange ratios for the exchange offer by the Fund (the "Exchange Option") being made under the final prospectus of the Fund dated September 28, 2015.
The Fund's investment objectives are to provide holders of shares with:
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(i)
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stable monthly cash distributions and to grow distributions over time, and
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(ii)
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enhanced long-term total return through capital appreciation of the Fund's investment portfolio,
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through an investment strategy which focuses primarily on investing in securities of global issuers that exhibit sustainable dividend growth, supplemented by investments in investment grade fixed income securities to seek to reduce overall portfolio volatility.
The initial target distribution yield for the Fund is 5.0% per annum based on the original subscription price (or $0.04167 per share per month or $0.50 per share per annum).
The number of shares issuable for each class of security of an Exchange Eligible Issuer (as listed below) (the "Exchange Ratio") has been determined by dividing the weighted average trading price of such security on the Toronto Stock Exchange (or such other exchange or market on which such security is then listed) during the period of five consecutive trading days ending on October 9, 2015 (the "Pricing Period"), as adjusted to reflect distributions declared by any Exchange Eligible Issuer that will not be received by the Fund, by $10.00. Holders of securities of Exchange Eligible Issuers who deposited such securities pursuant to the Exchange Option will continue to be holders of record up to but not including the date of the closing of the offering of shares and will be entitled to receive distributions in respect of such securities of Exchange Eligible Issuers that are declared up to but not including such date. Each Exchange Ratio will be rounded down to five decimal places.
The table below sets out the Exchange Eligible Issuers, the securities of which may be accepted by the Fund pursuant to the Exchange Option, including the name of the Exchange Eligible Issuer, its ticker symbol, its CUSIP number, its ISIN, its volume weighted average trading price during the Pricing Period and the Exchange Ratio.
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NAME
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TICKER
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CUSIP
|
ISIN
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VWAP
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EXCHANGE
RATIO
|
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Financials and Real Estate Securities
|
|
|
|
|
|
|
Alaris Royalty Corp.
|
AD
|
01163Q400
|
CA01163Q4007
|
27.4292
|
2.74292
|
|
American Express Co.
|
AXP
|
025816109
|
US0258161092
|
99.6788
|
9.96787
|
|
American Hotel Income Properties REIT LP
|
HOT.UN
|
026695106
|
CA0266951064
|
9.9938
|
0.99938
|
|
Bank of Montreal
|
BMO
|
063671101
|
CA0636711016
|
74.9339
|
7.49339
|
|
Bank of Nova Scotia
|
BNS
|
064149107
|
CA0641491075
|
59.6557
|
5.96557
|
|
Canadian Imperial Bank of Commerce
|
CM
|
136069101
|
CA1360691010
|
98.9056
|
9.89056
|
|
Canadian REIT
|
REF.UN
|
13650J104
|
CA13650J1049
|
41.6895
|
4.16895
|
|
CI Financial Corp.
|
CIX
|
125491100
|
CA1254911003
|
31.6186
|
3.16186
|
|
Dream Office REIT
|
D.UN
|
26153P104
|
CA26153P1045
|
21.5037
|
2.15037
|
|
First Capital Realty Inc.
|
FCR
|
31943B100
|
CA31943B1004
|
18.9496
|
1.89496
|
|
Genworth MI Canada Inc.
|
MIC
|
37252B102
|
CA37252B1022
|
30.1282
|
3.01282
|
|
Goldman Sachs Group Inc.
|
GS
|
38141G104
|
US38141G1040
|
233.7404
|
23.37404
|
|
Intact Financial Corp.
|
IFC
|
45823T106
|
CA45823T1066
|
92.3208
|
9.23208
|
|
Manulife Financial Corp.
|
MFC
|
56501R106
|
CA56501R1064
|
21.1934
|
2.11934
|
|
National Bank of Canada
|
NA
|
633067103
|
CA6330671034
|
41.9326
|
4.19326
|
|
Northern Property REIT
|
NPR.UN
|
665624110
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CA6656241107
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20.2398
|
2.02398
|
|
Power Corp of Canada
|
POW
|
739239101
|
CA7392391016
|
28.6971
|
2.86971
|
|
Power Financial Corp.
|
PWF
|
73927C100
|
CA73927C1005
|
31.7380
|
3.17380
|
|
Royal Bank of Canada
|
RY
|
780087102
|
CA7800871021
|
73.5893
|
7.35893
|
|
Sun Life Financial Inc.
|
SLF
|
866796105
|
CA8667961053
|
44.1121
|
4.41121
|
|
Toronto-Dominion Bank
|
TD
|
891160509
|
CA8911605092
|
53.0528
|
5.30528
|
|
Travelers Companies Inc.
|
TRV
|
89417E109
|
US89417E1091
|
132.1041
|
13.21040
|
|
|
|
|
|
|
|
Consumer Securities
|
|
|
|
|
|
|
Aimia Inc.
|
AIM
|
00900Q103
|
CA00900Q1037
|
12.1195
|
1.21195
|
|
Coca-Cola Co.
|
KO
|
191216100
|
US1912161007
|
53.6012
|
5.36012
|
|
Corus Entertainment Inc.
|
CJR.B
|
220874101
|
CA2208741017
|
14.0483
|
1.39533
|
|
Dorel Industries Inc.
|
DII.B
|
25822C205
|
CA25822C2058
|
31.8993
|
3.18993
|
|
McDonald's Corp.
|
MCD
|
580135101
|
US5801351017
|
131.9832
|
13.19831
|
|
Procter & Gamble Co.
|
PG
|
742718109
|
US7427181091
|
95.3698
|
9.53698
|
|
Wal-Mart Stores Inc.
|
WMT
|
931142103
|
US9311421039
|
85.6413
|
8.56412
|
|
Walt Disney Co.
|
DIS
|
254687106
|
US2546871060
|
134.7264
|
13.47264
|
|
|
|
|
|
|
|
Technology and Telecommunication Securities
|
|
|
|
|
|
|
Apple Inc.
|
AAPL
|
037833100
|
US0378331005
|
142.8519
|
14.28518
|
|
AT&T Inc.
|
T
|
00206R102
|
US00206R1023
|
43.0401
|
4.30401
|
|
Cisco Systems Inc.
|
CSCO
|
17275R102
|
US17275R1023
|
35.4450
|
3.54449
|
|
Intel Corp.
|
INTC
|
458140100
|
US4581401001
|
41.2057
|
4.12056
|
|
International Business Machine
|
IBM
|
459200101
|
US4592001014
|
194.5617
|
19.45616
|
|
Microsoft Corp.
|
MSFT
|
594918104
|
US5949181045
|
60.6208
|
6.06208
|
|
Verizon Communications Inc.
|
VZ
|
92343V104
|
US92343V1044
|
56.9176
|
5.69176
|
|
Visa Inc.
|
V
|
92826C839
|
US92826C8394
|
94.2400
|
9.42400
|
|
|
|
|
|
|
|
Energy Infrastructure and Utilities Securities
|
|
|
|
|
|
|
Capital Power Corp.
|
CPX
|
14042M102
|
CA14042M1023
|
19.5738
|
1.95738
|
|
Enbridge Income Fund Holdings Inc.
|
ENF
|
29251R105
|
CA29251R1055
|
34.6214
|
3.46214
|
|
Gibson Energy Inc.
|
GEI
|
374825206
|
CA3748252069
|
19.6917
|
1.96917
|
|
Inter Pipeline Ltd.
|
IPL
|
45833V109
|
CA45833V1094
|
25.5454
|
2.54229
|
|
Pembina Pipeline Corp.
|
PPL
|
706327103
|
CA7063271034
|
35.3304
|
3.53304
|
|
TransAlta Corp.
|
TA
|
89346D107
|
CA89346D1078
|
6.9312
|
0.69312
|
|
Veresen Inc.
|
VSN
|
92340R106
|
CA92340R1064
|
11.3287
|
1.13287
|
|
|
|
|
|
|
|
Other Dividend Paying Securities
|
|
|
|
|
|
|
3M Co.
|
MMM
|
88579Y101
|
US88579Y1010
|
190.7677
|
19.07677
|
|
ARC Resources Ltd.
|
ARX
|
00208D408
|
CA00208D4084
|
21.2130
|
2.12130
|
|
Boeing Co.
|
BA
|
097023105
|
US0970231058
|
176.1342
|
17.61342
|
|
Bonavista Energy Corp.
|
BNP
|
09784Y108
|
CA09784Y1088
|
3.8374
|
0.38374
|
|
Bonterra Energy Corp.
|
BNE
|
098546104
|
CA0985461049
|
23.9516
|
2.38016
|
|
Canadian Natural Resources Ltd.
|
CNQ
|
136385101
|
CA1363851017
|
30.6879
|
3.06879
|
|
Canadian Oil Sands Ltd.
|
COS
|
13643E105
|
CA13643E1051
|
9.3844
|
0.93844
|
|
Caterpillar Inc.
|
CAT
|
149123101
|
US1491231015
|
90.8889
|
9.08889
|
|
Cenovus Energy Inc.
|
CVE
|
15135U109
|
CA15135U1093
|
21.4756
|
2.14756
|
|
Crescent Point Energy Corp.
|
CPG
|
22576C101
|
CA22576C1014
|
19.2875
|
1.92875
|
|
EI du Pont de Nemours & Co.
|
DD
|
263534109
|
US2635341090
|
71.8377
|
7.18377
|
|
Encana Corp.
|
ECA
|
292505104
|
CA2925051047
|
10.9366
|
1.09366
|
|
Enerplus Corp.
|
ERF
|
292766102
|
CA2927661025
|
7.9542
|
0.79542
|
|
Freehold Royalties Ltd.
|
FRU
|
356500108
|
CA3565001086
|
12.5076
|
1.25076
|
|
General Electric Co.
|
GE
|
369604103
|
US3696041033
|
35.3847
|
3.53846
|
|
iShares Core S&P/TSX Capped Composite Index ETF
|
XIC
|
46430J101
|
CA46430J1012
|
21.8315
|
2.18315
|
|
iShares S&P/TSX 60 Index ETF
|
XIU
|
46428D108
|
CA46428D1087
|
20.3500
|
2.03500
|
|
Johnson & Johnson
|
JNJ
|
478160104
|
US4781601046
|
122.3880
|
12.23879
|
|
Labrador Iron Ore Royalty Corp.
|
LIF
|
505440107
|
CA5054401073
|
15.9986
|
1.59986
|
|
Merck & Co Inc.
|
MRK
|
58933Y105
|
US58933Y1055
|
65.5861
|
6.55861
|
|
Mullen Group Ltd.
|
MTL
|
625284104
|
CA6252841045
|
18.9501
|
1.89501
|
|
Pfizer Inc.
|
PFE
|
717081103
|
US7170811035
|
42.7999
|
4.27998
|
|
Potash Corp of Saskatchewan Inc.
|
POT
|
73755L107
|
CA73755L1076
|
28.1326
|
2.77526
|
|
Russel Metals Inc.
|
RUS
|
781903604
|
CA7819036046
|
22.4099
|
2.24099
|
|
ShawCor Ltd.
|
SCL
|
820439107
|
CA8204391079
|
30.5906
|
3.05906
|
|
United Technologies Corp.
|
UTX
|
913017109
|
US9130171096
|
120.8627
|
12.08626
|
|
Vermilion Energy Inc.
|
VET
|
923725105
|
CA9237251058
|
47.7239
|
4.75089
|
|
Westshore Terminals Investment Corp.
|
WTE
|
96145A200
|
CA96145A2002
|
27.2616
|
2.72616
|
|
Whitecap Resources Inc.
|
WCP
|
96467A200
|
CA96467A2002
|
13.0614
|
1.30614
|
|
|
|
|
|
|
|
Preferred Securities
|
|
|
|
|
|
|
Bank of Nova Scotia
|
BNS.PR.Z
|
064149610
|
CA0641496108
|
19.3680
|
1.93679
|
|
BCE Inc.
|
BCE.PR.K
|
05534B679
|
CA05534B6796
|
13.8940
|
1.38940
|
|
BCE Inc.
|
BCE.PR.M
|
05534B646
|
CA05534B6465
|
15.2985
|
1.52984
|
|
BCE Inc.
|
BCE.PR.Q
|
05534B596
|
CA05534B5962
|
18.2953
|
1.82952
|
|
Brookfield Asset Management Inc.
|
BAM.PF.A
|
112585641
|
CA1125856411
|
18.6910
|
1.86909
|
|
Brookfield Office Properties Inc.
|
BPO.PR.A
|
112900683
|
CA1129006831
|
17.9121
|
1.79121
|
|
Brookfield Office Properties Inc.
|
BPO.PR.N
|
112900832
|
CA1129008324
|
15.9619
|
1.59619
|
|
Brookfield Office Properties Inc.
|
BPO.PR.P
|
112900816
|
CA1129008167
|
16.5302
|
1.65302
|
|
Brookfield Renewable Power Preferred Equity Inc.
|
BRF.PR.C
|
11283Q404
|
CA11283Q4043
|
17.0104
|
1.67353
|
|
Canadian Utilities Ltd.
|
CU.PR.C
|
136717691
|
CA1367176916
|
18.8493
|
1.88493
|
|
Enbridge Inc.
|
ENB.PR.B
|
29250N709
|
CA29250N7099
|
14.0516
|
1.40515
|
|
Enbridge Inc.
|
ENB.PF.C
|
29250N592
|
CA29250N5929
|
16.9482
|
1.69482
|
|
Enbridge Inc.
|
ENB.PR.D
|
29250N881
|
CA29250N8816
|
14.2618
|
1.42618
|
|
Enbridge Inc.
|
ENB.PR.F
|
29250N865
|
CA29250N8659
|
14.9697
|
1.49697
|
|
Enbridge Inc.
|
ENB.PR.N
|
29250N774
|
CA29250N7743
|
15.9233
|
1.59232
|
|
Enbridge Inc.
|
ENB.PR.Y
|
29250N683
|
CA29250N6836
|
15.1157
|
1.51157
|
|
Fairfax Financial Holdings Ltd.
|
FFH.PR.I
|
303901847
|
CA3039018476
|
15.2057
|
1.52057
|
|
Fortis Inc.
|
FTS.PR.M
|
349553768
|
CA3495537688
|
18.2891
|
1.82891
|
|
Husky Energy Inc.
|
HSE.PR.A
|
448055202
|
CA4480552021
|
13.4635
|
1.34635
|
|
Husky Energy Inc.
|
HSE.PR.C
|
448055400
|
CA4480554001
|
21.1261
|
2.11260
|
|
Intact Financial Corp.
|
IFC.PR.C
|
45823T601
|
CA45823T6016
|
19.0866
|
1.90865
|
|
Manulife Financial Corp.
|
MFC.PR.M
|
56501R692
|
CA56501R6923
|
19.3722
|
1.93722
|
|
Sun Life Financial Inc.
|
SLF.PR.I
|
866796832
|
CA8667968322
|
19.2962
|
1.92961
|
|
TransCanada Corp.
|
TRP.PR.C
|
89353D701
|
CA89353D7018
|
11.9000
|
1.18999
|
|
TransCanada Corp.
|
TRP.PR.D
|
89353D883
|
CA89353D8834
|
16.3762
|
1.63761
|
|
TransCanada Corp.
|
TRP.PR.E
|
89353D867
|
CA89353D8677
|
16.8935
|
1.68934
|
The syndicate of agents is being co-led by CIBC and RBC Capital Markets and includes Scotiabank, BMO Capital Markets, TD Securities Inc., GMP Securities L.P., National Bank Financial Inc., Canaccord Genuity Corp., Raymond James Ltd., Dundee Securities Ltd., Mackie Research Capital Corporation, Manulife Securities Incorporated and Middlefield Capital Corporation.
This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from your IIROC registered financial advisor using the contact information for such advisor. Investors should read the prospectus before making an investment decision.
SOURCE Globalance Dividend Growers Corp.
please visit our website at www.middlefield.com or contact Nancy Tham, Managing Director, Sales and Marketing, at 416.847.5349 or 1.888.890.1868Copyright CNW Group 2015
Source: Canada Newswire
(October 9, 2015 - 7:38 PM EDT)
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