Dividend Growth Split Corp. Announces Pricing of Treasury Offering

TORONTO, ONTARIO--(Marketwired - July 16, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Dividend Growth Split Corp. (TSX:DGS)(TSX:DGS.PR.A) (the "Company") is pleased to announce that the Company's treasury offering of class A and preferred shares has been priced at $9.90 per class A share and $10.08 per preferred share. The final class A and preferred share offering prices were determined so as to be non-dilutive to the net asset value per unit of the Company on July 15, 2014, as adjusted for dividends and certain expenses accrued prior to settlement.

The Company invests in a portfolio of common shares of high quality, large capitalization companies, which have among the highest dividend growth rates of those companies included in the S&P/TSX Composite Index. Currently, the portfolio consists of common shares of the following 20 companies:

Great-West Lifeco Inc.		The Bank of Nova Scotia		AGF Management Limited		Shaw Communications Inc.
Industrial Alliance Insurance and Financial Services Inc.		Canadian Imperial Bank of Commerce		IGM Financial Inc.		TELUS Corporation
Manulife Financial Corporation		National Bank of Canada		Power Corporation of Canada		Canadian Utilities Limited
Sun Life Financial Inc.		Royal Bank of Canada		Manitoba Telecom Services Limited		Enbridge Inc.
Bank of Montreal		The Toronto-Dominion Bank		Rogers Communications Inc.		TransCanada Corporation

The Company intends to file a final prospectus in each of the provinces and territories of Canada in connection with the offering. The offering is expected to close on or about July 24, 2014 and is subject to customary closing conditions including approvals of applicable securities regulatory authorities and the Toronto Stock Exchange.