Welcome!

.NET Authors: Liz McMillan, Tad Anderson, Mike Kavis, Corey Eng, Jackie Kahle

News Feed Item

Warrant Exercises (DS.WT)

TORONTO, ONTARIO -- (Marketwire) -- 02/01/13 -- Dividend Select 15 Corp. (the "Company") announces a total of 8,300,130 Warrants were exercised at $9.25 each for total gross proceeds of $38,388,101 bringing the Company's net assets to approximately $123 million. For every two Warrants exercised, holders received one Equity Share of the Company. The Warrants expired on January 31, 2013. The net asset value per Equity share after giving effect to the warrant exercise is $9.35.

The proceeds from the Warrant exercise will be used by the Company to invest in common shares of 15 high quality Canadian companies whose shares offer an attractive dividend yield, have shown solid earnings growth and have a strong history of capital appreciation.

Contacts:
Dividend Select 15 Corp.
Investor Relations
416-304-4443 or Toll free at 1-877-4-Quadra (1-877-478-2372)
www.dividendselect15.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.