TORONTO, Dec. 9 /CNW/ - Big 8 Split Inc. announced today that it has filed a final prospectus in respect of a public offering of up to 2,743,877 Class C Preferred Shares, Series 1 at a price of $12.00 per preferred share and up to 2,103,674 additional Class A Capital Shares at a price of $20.00 per share (collectively, the "Shares"). The Shares are being offered to the public on a best efforts basis 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. The offering is expected to close on December 15, 2009.
Big 8 Split Inc. was established to generate dividend income for the holders of its 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 Capital Shares and Class B Preferred Shares of Big 8 Split Inc. are listed on the Toronto Stock Exchange (the "TSX") under the symbols BIG.A and BIG.PR.B, respectively. The Class C Preferred Shares have been conditionally approved by the TSX under the symbol BIG.PR.C.
SOURCE BIG 8 SPLIT INC.
For further information: For further information: Investor Relations, Big 8 Split Inc., (416) 982-2865