Acquisition of intangible and other assets are mainly attributable to reconnect and additional service activation costs as well as other customer acquisition costs. For the third quarter and the first nine months of fiscal 2013, the acquisition of intangible and other assets amounted to $4.5 million and $13.7 million, compared to $4.0 million and $10.6 million for the same periods last year, respectively.
FREE CASH FLOW AND FINANCING ACTIVITIES
In the third quarter of fiscal 2013, free cash flow amounted to $45.0 million, $15.5 million, or 52.6%, higher than in the comparable period of fiscal 2012. For the first nine months period, free cash flow amounted to $98.0 million, $24.2 million, or 32.8%, higher than the same period of last year. Free cash flow increase for both periods over the prior year are due to the improvement of operating income before depreciation and amortization in the Canadian operation in the Cable segment as well as the recent acquisitions, partly offset by the increase in financial expense, the recent acquisition costs as well as the increase in acquisition of property, plant and equipment.
In the third quarter of fiscal 2013, higher Indebtedness level provided for a cash increase of $22.0 million mainly due to the issuance, in the Cable segment, of $300 million Senior Secured Debentures Series "4" (the "Debentures") for a net proceed of $297.1 million, net of transaction costs of $2.9 million and the issuance of a private placement of $410.4 million (US$400 million) Senior Unsecured Notes (the "2020 Notes") for a net proceed of $402.6 million (US$392.4 million), net of transaction costs of $7.8 million (US$7.6 million). In addition, the net proceeds under the Debentures and the 2020 Notes were used to repay the Canadian Term Facility amounting to $175 million, the US Term Facility amounting to $230.8 million (US$225 million), the $114.7 Revolving loan in connection with the financing of the acquisition of PEER 1 in the Cable segment and $192.4 million Term Revolving Facility. In the third quarter of fiscal 2012, Indebtedness remained essentially the same.
For the first nine months of fiscal 2013, higher Indebtedness level provided for a cash increase of $1.9 billion, mainly due to the issuance of the 2020 Notes and the Debentures, described above, as well as draw-down on the existing Term Revolving Facility of $411.9 million (US$420 million) including the repayment made during the quarter explained above and the new First Lien Credit of $637.4 million (US$660 million for a net proceed of US$641.5 million, net of transaction costs of US$18.5 million) to finance the acquisition of ABB as well to drawings of $125.1 million, under Secured Credit Facilities to finance the acquisition of PEER 1, net of the repayment made during the third quarter explained above. In the first nine months of fiscal 2012, Indebtedness affecting cash increased by $129.9 million mainly due to the issuance, on February 14, 2012, of $200 million Senior Secured Debentures Series 3 ("Fiscal 2012 debentures") and on November 7, 2011, of Unsecured Notes for net proceeds of $198.1 million and $34.6 million, respectively, which was used to repay the $107.7 million Term Revolving Facilities.
During the third quarter of fiscal 2013, quarterly dividends of $0.19 per share were paid to the holders of subordinate and multiple voting shares, totaling $3.2 million, compared to quarterly dividends of $0.18 per share for a total of $3.0 million the year before. Dividend payments in the first nine months totaled $0.57 per share, or $9.5 million, compared to $0.54 per share, or $9.0 million the year before. In addition, dividends paid by a subsidiary to non-controlling interests in the third quarter amounted to $8.6 million and $25.7 million for the first nine months, compared to $8.2 million and $24.7 million, respectively, for the comparable periods of the prior year.
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