Real Estate Corp Completes $9.5M Share Offering

Real Estate & E-Commerce Split Corp. Class A (TSE:RS) has released an update.

Real Estate & E-Commerce Split Corp. has successfully completed an overnight offering, raising $9.5 million through the sale of Class A and Preferred Shares, both of which are traded on the Toronto Stock Exchange. The offering, priced at $11.70 and $9.65 per share respectively, aims to yield attractive returns, with Class A Shares targeting monthly cash distributions and capital appreciation, while Preferred Shares focus on quarterly cash distributions and returning the original issue price upon maturity. The investment portfolio managed by Middlefield Capital Corporation is centered on high conviction North American real estate companies.

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