E Split Establishes At-The-Market Equity Program for Class A, Preferred Shares
E Split Establishes At-The-Market Equity Program for Class A, Preferred SharesE Split 为A类优先股设立市场股票计划
06:42 AM EST, 02/06/2023 (MT Newswires) -- E Split Corp. (ENS.TO) over the weekend said it has established an at-the-market equity program allowing for the issuance of class A and preferred shares from time to time.
The class A and preferred shares will be sold through the Toronto Stock Exchange or any other marketplace in Canada on which the securities are listed, the company said.
The maximum gross proceeds from the issuance of shares will be $200 million for each of the class A and preferred shares.
The ATM program will be effective until Feb. 13, 2025, unless terminated earlier. The proceeds will be used according to E Split's investment objectives and strategies.
E Split invests in a portfolio mostly composed of common shares of oil and gas pipeline, gas processing and gas distribution company Enbridge Inc. (ENB.TO).
The investment objectives for the preferred shares are to provide holders with fixed cumulative preferential quarterly cash distributions of $0.13125 per preferred share and to return the original issue price to holders on June 30, 2028.
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