Real Estate Split Corp. Announces Successful Overnight Offering
Real Estate Split Corp. Announces Successful Overnight Offering
The Class A Shares were offered at a price of $13.40 per Class A Share to yield 11.6% and the Preferred Shares were offered at a price of $9.55 per Preferred Share to yield 7.4% to maturity. The Class A Share and Preferred Share offering prices were determined so as to be non-dilutive to the most recently calculated net asset value per unit of the Company (calculated as at September 19, 2023), as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the offering.Not for distribution to U.S. Newswire Services or for dissemination in the United States.
不得分發給美國新聞通訊社或在美國境內傳播。
TORONTO, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Middlefield Group, on behalf of Real Estate Split Corp. (TSX: RS and RS.PR.A) (the "Company"), is pleased to announce a successful overnight treasury offering of class A and preferred shares (the "Class A Shares" and "Preferred Shares", respectively). Gross proceeds of the offering are expected to be approximately $13.3 million.
多倫多，9月2023年21日(環球通訊社)--米德菲爾德集團代表房地產拆分公司(多倫多證券交易所代碼：RS和RS.PR.A)(以下簡稱“公司”)高興地宣佈，隔夜成功發行A類和優先股(分別為“A類股”和“優先股”)。此次發行的總收益預計約為1330萬美元。
The offering is expected to close on or about Thursday, September 28, 2023 and is subject to certain closing conditions including approval by the Toronto Stock Exchange.
此次發行預計將於2023年9月28日(星期四)左右完成，並取決於某些完成條件，包括獲得多倫多證券交易所的批准。
The Class A Shares were offered at a price of $13.40 per Class A Share to yield 11.6% and the Preferred Shares were offered at a price of $9.55 per Preferred Share to yield 7.4% to maturity. The Class A Share and Preferred Share offering prices were determined so as to be non-dilutive to the most recently calculated net asset value per unit of the Company (calculated as at September 19, 2023), as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the offering.
A類股的發行價為每股13.40美元，收益率為11.6%，優先股的發行價為每股9.55美元，到期收益率為7.4%。A類股份及優先股發行價的釐定不會攤薄至本公司最近計算的單位資產淨值(於2023年9月19日計算)，經股息及將於發售結算前或結算後應計的若干開支調整後計算。
The Company has been designed to provide investors with a diversified, actively managed, high conviction portfolio comprised of securities of leading North American real estate companies.
該公司旨在為投資者提供多元化、積極管理、高信心的投資組合，其中包括北美領先房地產公司的證券。
The Company's investment objectives for the:
本公司的投資目標為：
Class A Shares are to provide holders with:
A類股票將為持股人提供：
(i) non-cumulative monthly cash distributions; and
(ii) the opportunity for capital appreciation through exposure to the portfolio
(I)每月非累積現金分配；和
(2)通過投資組合獲得資本增值的機會
Preferred Shares are to:
優先股將：
(i) provide holders with fixed cumulative preferential quarterly cash distributions; and
(ii) return the original issue price of $10.00 to holders upon maturity.
(I)向持有者提供固定的累積優惠季度現金分配；以及
(Ii)到期時向持有人退還原始發行價10.00美元。
Middlefield Capital Corporation provides investment management advice to the Company.
米德爾菲爾德資本公司為該公司提供投資管理建議。
The syndicate of agents for the offering was co-led by CIBC Capital Markets, RBC Capital Markets, and Scotiabank, and included Canaccord Genuity Corp., National Bank Financial Inc., Hampton Securities Limited, BMO Capital Markets, Raymond James Ltd., TD Securities Inc., iA Private Wealth Inc., Desjardins Securities Inc., Manulife Securities Incorporated, Middlefield Capital Corporation, Research Capital Corporation and Richardson Wealth Limited.
此次發行的代理財團由加拿大帝國商業銀行資本市場公司、加拿大皇家銀行資本市場公司和加拿大豐業銀行共同牽頭，其中包括Canaccel Genuity Corp.、National Bank Financial Inc.、Hampton Securities Limited、BMO Capital Markets、Raymond James Ltd.、TD Securities Inc.、IA Private Wealth Inc.、Desjardins Securities Inc.、宏利證券公司、Middlefield Capital Corporation、Research Capital Corporation和Richardson Wealth Limited。
For further information, please visit our website at or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.
欲瞭解更多資訊，請訪問我們的網站，或致電1.888.890.1868與我們銷售和市場部的Nancy Tham聯繫。
A short form base shelf prospectus containing important detailed information about the securities being offered has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. Copies of the short form base shelf prospectus may be obtained from a member of the syndicate. The Company intends to file a supplement to the short form base shelf prospectus, and investors should read the short form base shelf prospectus and the prospectus supplement before making an investment decision. There will not be any sale or any acceptance of an offer to buy the securities being offered until the prospectus supplement has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada.
已向加拿大各省和地區的證券委員會或類似機構提交了一份簡短的基本架子招股說明書，其中載有有關所發行證券的重要詳細資訊。簡體基礎架子招股說明書的副本可從辛迪加成員處獲得。本公司擬就簡式基礎架招股說明書提交補充檔案，投資者應先閱讀簡式基礎架招股說明書及招股說明書副刊後再作出投資決定。在招股說明書附錄提交給加拿大各省和地區的證券委員會或類似機構之前，將不會出售或接受購買所提供證券的要約。
譯文內容由第三人軟體翻譯。
