Real Estate Split Corp. Renews Equity Program to Bolster Investment Strategies

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

Real Estate Split Corp. has renewed its at-the-market equity program, enabling the issuance of Class A and Preferred Shares on the Toronto Stock Exchange, with a maximum gross proceeds target of $75 million for each share class. This program is designed to support the company’s investment objectives, which include providing monthly cash distributions and potential capital appreciation for Class A Shares, as well as fixed quarterly cash distributions and capital preservation for Preferred Shares.

More about Real Estate & E-Commerce Split Corp. Class A

Real Estate Split Corp. operates within the real estate and e-commerce sectors, offering a diversified and actively managed portfolio. The company focuses on issuers across various sectors, including real estate investment trusts, e-commerce, data infrastructure, multi-family, retail, office, and healthcare. Middlefield Capital Corporation provides investment management advice to the company.

YTD Price Performance: -11.07%

Average Trading Volume: 52,782

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$115.5M

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