Global Dividend Growth Split Corp. Announces Extension of Term
August 10 2020 - 5:01PM
(TSX: GDV, GDV.PR.A) Global Dividend Growth Split
Corp. (the “Fund”) is pleased to announce that the board of
directors has approved an extension of the maturity date of the
Class A and Preferred shares of the Company. The current
maturity date of June 30, 2021 will be extended for an additional
period of three to five years. The new term and the proposed rate
for the preferred share dividend for the new term will be announced
at least 60 days prior to the current June 30, 2021 maturity
date. The preferred share dividend rate for the extended term
will be based on market yields for preferred shares with similar
terms at that time. The extension of the term of the
Fund is not expected to be a taxable event.
The Fund invests in an actively managed
portfolio of equity securities of large capitalization global
dividend growth companies.
About Brompton Funds
Founded in 2000, Brompton Funds is an
experienced investment fund manager with income focused investment
solutions including TSX listed closed-end funds and exchange-traded
funds. For further information, please contact your
investment advisor, call Brompton’s investor relations line at
416-642-6000 (toll-free at 1-866-642-6001), email us at
info@bormptongroup.com or visit our website at
www.bromptongroup.com.
You will usually pay brokerage fees to your
dealer if you purchase or sell shares of the investment funds on
the Toronto Stock Exchange or other alternative Canadian trading
system (an “exchange”). If the shares are purchased or sold
on an exchange, investors may pay more than the current net asset
value when buying shares of the investment fund and may receive
less than the current net asset value when selling them.
There are ongoing fees and expenses associated
with owning shares of an investment fund. An investment fund
must prepare disclosure documents that contain key information
about the fund. You can find more detailed information about
the Fund in the public filings available at www.sedar.com.
Investment funds are not guaranteed, their values change
frequently, and past performance may not be repeated.
Certain statements contained in this document
constitute forward-looking information within the meaning of
Canadian securities laws. Forward-looking information may relate to
matters disclosed in this document and to other matters identified
in public filings relating to the Fund, to the future outlook of
the Fund and anticipated events or results and may include
statements regarding the future financial performance of the Fund.
In some cases, forward-looking information can be identified by
terms such as “may”, “will”, “should”, “expect”, “plan”,
“anticipate”, “believe”, “intend”, “estimate”, “predict”,
“potential”, “continue” or other similar expressions concerning
matters that are not historical facts. Actual results may vary from
such forward-looking information. Investors should not place
undue reliance on forward-looking statements. These
forward-looking statements are made as of the date hereof and we
assume no obligation to update or revise them to reflect new events
or
circumstances.
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