TORONTO, Jan. 8 /CNW/ - Big 8 Split Inc. announced today that, pursuant to an over-allotment option, it has completed an additional issuance of 23,500 Class C Preferred Shares, Series 1 (the "Class C Preferred Shares") and 23,500 Class A Capital Shares (the "Capital Shares") raising $752,000. As a result, the company has raised gross proceeds totalling approximately $25.2 million under its recent offering. The Class C Preferred Shares and Capital Shares were offered to the public by a syndicate of agents led by TD Securities Inc and Scotia Capital Inc., and including BMO Capital Markets, National Bank Financial Inc., Canaccord Capital Corporation, GMP Securities L.P., HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Desjardins Securities Inc., Dundee Securities Corporation, Manulife Securities Incorporated and Wellington West Capital Markets Inc.
Big 8 Split Inc. was established to generate dividend income for the preferred shares while providing holders of the Capital Shares with a leveraged opportunity to participate in capital appreciation from a portfolio of common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, Great-West Lifeco Inc., Manulife Financial Corporation, and Sun Life Financial Inc. Information concerning Big 8 Split Inc. is available on our website at www.tdsponsoredcompanies.com.
The Class A Capital Shares, Class B Preferred Shares and Class C Preferred Shares of Big 8 Split Inc. are listed on the Toronto Stock Exchange under the symbols BIG.A, BIG.PR.B and BIG.PR.C, respectively.
SOURCE BIG 8 SPLIT INC.
For further information: For further information: Investor Relations, Big 8 Split Inc., (416) 982-2865