07:06 AM EST, 02/03/2025 (MT Newswires) -- Dividend Growth Split ( DDWWF ) over the weekend renewed its at-the-market equity program, allowing it to issue class A and preferred shares.

Sales shares will be made pursuant to the terms of an equity distribution agreement dated Jan. 31, with RBC Capital Markets. From the issuance of the shares, maximum gross proceeds will be $100 million for each of the class A and preferred shares.

The ATM program will be effective until Sept. 1, 2026, unless terminated prior by DGS. The company may hold up to 20% of the total assets of the portfolio in global dividend growth companies for diversification and improved return potential, at the discretion of Brompton Funds Limited.

The company intends to use proceeds from the program to meet investment objectives and investment strategies.

ny in a statement.

Shares of the company closed down $0.16, or 2.3%, at $6.73 on Friday on the Toronto Stock Exchange.