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Financings

Dividend Growth Split Corp. Renews At-the-Market Equity Program

By The Northwire Desk — AI Analysis Jan 13, 2026 · 12:32 DGS · 8.06 DIVIDEND GROWTH SPLIT CORP. CL 'A'
DGS · Price

Executive Summary

  • Dividend Growth Split Corp. announced the renewal of its at‑the‑market (“ATM”) equity program, allowing issuance of Class A and Preferred Shares up to $250 million each.
  • The ATM program will run until 12 February 2028 (or earlier if terminated) and sales will be made through the Toronto Stock Exchange or other Canadian marketplaces under an Equity Distribution Agreement with RBC Capital Markets.
  • Proceeds are intended for use in accordance with the Fund’s investment objectives and strategies, i.e., investing in Canadian dividend‑growth companies (and up to 20 % global dividend‑growth exposure).

Key Details

  • Program Scope: Replacement of the prior ATM program (Jan 2025) with a new program effective 13 January 2026.
  • Securities Offered: Class A Shares and Preferred Shares (Class A and Preferred).
  • Maximum Gross Proceeds: Up to $250 million for each share class.
  • Distribution Mechanism: At‑the‑market distributions per NI 44‑102 Shelf Distributions; shares sold at prevailing market prices, potentially varying among purchasers.
  • Agent: RBC Capital Markets (Equity Distribution Agreement dated 12 January 2026).
  • Prospectus Supplement: Issued 12 January 2026 to the Fund’s short‑form base shelf prospectus; documents available on SEDAR+.
  • Program Term: Effective until 12 February 2028, unless terminated earlier at the Fund’s discretion.
  • Use of Proceeds: To be deployed in line with the Fund’s investment objectives and strategies, focusing on Canadian dividend‑growth companies (minimum market cap CDN$2 billion) and up to 20 % global diversification.
  • Investment Objectives – Class A Shares: Target monthly cash distribution ≥ $0.10 per share; growth of net asset value.
  • Investment Objectives – Preferred Shares: Fixed cumulative quarterly cash distribution of $0.16875 per share (6.75 % annual on $10 issue price) and return of original issue price on 30 August 2029.
  • Performance Highlights (as of 8 Jan 2026):
  • Class A Shares 10‑yr compound return: 19.1 % vs. S&P/TSX Composite 12.7 %.
  • Preferred Shares 10‑yr compound return: 5.7 %; downside protection ≈ 44 % based on NAV.

Notable Quotes

No direct quotes were included in the release.

Read the original news release →