{"id":308724,"date":"2006-11-01T12:10:00","date_gmt":"2006-11-01T17:10:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/core-canadian-dividend-trust-files-final-prospectus\/"},"modified":"2006-11-01T12:10:00","modified_gmt":"2006-11-01T17:10:00","slug":"core-canadian-dividend-trust-files-final-prospectus","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/products\/core-canadian-dividend-trust-files-final-prospectus\/","title":{"rendered":"Core Canadian Dividend Trust files final prospectus<br \/>"},"content":{"rendered":"<p>Core Canadian Dividend Trust today announced that it has filed and received a receipt for the final prospectus in connection with the initial public offering of trust units, priced at $10 per unit.<BR><BR>The minimum offering size is $30 million and the maximum offering size is $150 million. The offering is scheduled to close on November 16.<BR><BR>The Toronto Stock Exchange has conditionally approved the listing of the units, under the symbol CDD.UN. The trust is scheduled to commence trading on the day of closing.<BR><BR>The trust will invest the net proceeds of the offering primarily in the following Canadian dividend-paying TSX-listed common shares:<\/p>\n<ul>\n<li>Royal Bank of Canada;\n<li>Thomson Corp.;\n<li>Manulife Financial Corp.;\n<li>Canadian Imperial Bank of Commerce;\n<li>Bank of Nova Scotia;\n<li>BCE Inc.;\n<li>The Toronto-Dominion Bank;\n<li>TransCanada Corp.;\n<li>Bank of Montreal;\n<li>Teck Cominco Ltd. (Class B Shares):\n<li>Enbridge Inc.;\n<li>National Bank of Canada;\n<li>Russel Metals Inc.;\n<li>AGF Management Ltd.;\n<li>Canadian Utilities Ltd.<\/ul>\n<p>The trust\u2019s investment objectives are: to provide unitholders with monthly cash distributions in an amount targeted to be 6.5% per year on the net asset value (NAV) of the trust; and to preserve and grow the NAV per unit.<BR><BR>The trust will be managed by Mulvihill Capital Management Inc. To generate additional returns above the dividend income earned on the trust\u2019s investment portfolio, the trust will, from time to time, write covered call options in respect of some or all of the securities in the portfolio.<BR><BR>The offering is being made through a syndicate of investment dealers co-led by RBC Capital Markets and CIBC World Markets Inc., that includes Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Blackmont Capital Inc., Desjardins Securities Inc., Dundee Securities Corporation, Canaccord Capital Corp., Raymond James Ltd., Berkshire Securities Inc. and Wellington West Capital Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trust will be managed by Mulvihill Capital<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2315],"tags":[2469],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/308724"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=308724"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/308724\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=308724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=308724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=308724"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=308724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}