E Split Corp. Class A (TSE:ENS) has released an update.
E Split Corp. is initiating an overnight offering of Class A and Preferred Shares, aiming to close on April 19, 2024, subject to Toronto Stock Exchange approval. The shares are priced to yield 13.4% for Class A Shares and 6.7% for Preferred Shares, with the offering being non-dilutive to the company’s net asset value as of April 10, 2024. This offering provides investors with monthly or quarterly cash distributions and potential for capital appreciation or return of the original issue price upon maturity.
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