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Exchange Bulletin

Global Resource Champions Split Corp. (GRP.PR.A) To Trade On Toronto Stock Exchange

May 5, 2016

Global Resource Champions Split Corp. (the “Company”) - An application has been granted for the original listing in the Industrial category of up to a maximum of 1,800,000 Class A Preferred Shares, Series 1 (the “Series 1 Shares”), all of which will be issued and outstanding upon completion of an initial public offering (the “Offering”).

Listing of the Series 1 Shares will become effective at 5:01 p.m. on Thursday, May 5, 2016, in anticipation of the public offering closing on Friday, May 6, 2016. The Series 1 Shares will be posted for trading at the opening on May 6, 2016.

Registrations of interests in and transfers of the Series 1 Shares will be made only through the book-entry only system administered by CDS Clearing and Depository Services Inc. (“CDS”). Series 1 Shares must be purchased, transferred and surrendered for redemption only through a CDS Participant. Upon purchase of any Series 1 Shares, the owner will receive only the customary confirmation.

Additional information on the Series 1 Shares may be found in the final prospectus dated April 27, 2016 (the “Prospectus”), which is available at Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: "GRP.PR.A" CUSIP: 37955P 20 0 Trading Currency: CDN$


Temporary Market Maker: TD Securities Inc.
Other Markets: None
Head Office Address: Brookfield Place
181 Bay Street, Suite 300
Toronto, ON
M5J 2T3
Head Office Telephone Number: (416) 369-2512
Fax Number: (416) 365-9642
Investor Relations: Vu Nguyen
Chief Financial Officer: Vu Nguyen
Corporate Secretary: Loretta M. Corso
Incorporation: The Company is a mutual fund corporation incorporated under the Business Corporations Act (Ontario) on February 9, 2016.
Manager of the Company: Brookfield Investment Management (Canada) Inc.
Fiscal Year End: December 31
Nature of Business: The Company was created to invest in a diversified portfolio of large capitalization companies that the Manager believes are best in class. Under normal market conditions, the Portfolio will be comprised primarily of equity securities. The Series 1 Shares have been provisionally rated Pfd-2 (low) by DBRS Limited. Initially, the Portfolio will consist of 15 large capitalization companies and will be approximately equally weighted on a U.S. dollar equivalent basis. The intention of the Company is to hold these investments to on or about May 25, 2023, the Final Series 1 Redemption Date and not actively trade the Portfolio.
Transfer Agent & Registrar: CST Trust Company at its principal office in Toronto.
Sponsor: Waived
Dividends: Holders of Series 1 Shares will be entitled to receive quarterly fixed cumulative preferential distributions equal to $0.390625 per Series 1 Share to yield 6.25% per annum on the original issue price of the Series 1 Shares. Such quarterly distributions are expected to be paid by the Company to holders of record on the last Business Day of March, June, September and December in each year with payments being made on or before the 15th day of the following month. The initial distribution will be prorated from the expected closing date of May 6, 2016 until September 30, 2016 and is expected to be payable on or about October 15, 2016 to holders of record on September 30, 2016.
Retraction: The Series 1 Shares may be surrendered for retraction at any time. A holder retracting Series 1 Shares may not receive cash but may instead receive debentures (the “Debentures”) issued by the Company. The Company will enter into a remarketing agreement (the “Remarketing Agreement”) with a registered dealer that will provide that the registered dealer will use its commercially reasonable efforts to find purchasers for any Series 1 Shares tendered for retraction at a price that is not less than (after expenses) the Series 1 Share Retraction Price (as defined in the Prospectus), provided that the retracting holder has not withheld consent to the sale of such Series 1 Shares. If a purchaser cannot be found, or if the retracting holder has withheld its consent, the retracting holder will receive, per Series 1 Share retracted, an unsecured debenture of the Company (a “Debenture”) with a principal amount equal to $25.00, provided that certain financial tests as described in the Prospectus are satisfied. If the Company is not permitted to issue Debentures at any time pursuant to the terms of the Indenture and a purchaser cannot be found pursuant to the terms of the Remarketing Agreement or the retracting holder has withheld its consent, holders who surrender Series 1 Shares for retraction will receive cash in an amount equal to the Series 1 Share Retraction Price. The Series 1 Share Retraction Price will be equal to the least of (i) 95% of the Net Asset Value per Unit on the Retraction Valuation Date, (ii) 95% of the VWAP of the Series 1 Shares for the three Business Days ending on the Deposit Date and (iii) $23.75.
Public Offering: Pursuant to the terms of the Prospectus, up to a maximum of 1,800,000 Series 1 Shares are being offered to the public by Scotia Capital Inc., National Bank Financial Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc., BMO Nesbitt Burns Inc., Raymond James Ltd., Canaccord Genuity Corp., Desjardins Securities Inc. and Laurentian Bank Securities Inc., as agents, at a price of $25 per Series 1 Share.