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

Core Viewpoint - The Dividend Growth Split Corp. has renewed its at-the-market equity program to issue Class A and Preferred Shares, allowing for public sales at the Fund's discretion, with a maximum gross proceeds target of $250 million for each share class [1][2]. Group 1: ATM Program Details - The renewed ATM Program will allow the Fund to sell Class A and Preferred Shares at prevailing market prices through the Toronto Stock Exchange or other Canadian marketplaces [1][2]. - The program is effective until February 12, 2028, unless terminated earlier by the Fund, and will be conducted under an equity distribution agreement with RBC Capital Markets [3]. Group 2: Investment Portfolio - The Fund primarily invests in equity securities of Canadian dividend growth companies, with the option to hold up to 20% of total assets in global dividend growth companies for diversification [4]. - To qualify for inclusion in the Portfolio, companies must have a market capitalization of at least CDN$2.0 billion and a history or potential for dividend growth [4]. Group 3: Shareholder Objectives - The Class A Shares aim to provide monthly cash distributions of at least $0.10 per share and growth in net asset value, having delivered a 19.1% annual total return over the last 10 years, outperforming the S&P/TSX Composite Total Return Index by 6.4% [5][9]. - The Preferred Shares offer fixed cumulative quarterly cash distributions of $0.16875 per share (6.75% per annum) and a return of the original issue price by August 30, 2029 [6][7].