Not for distribution to U.S. Newswire Services or for dissemination in the United States.
CALGARY, Alberta, March 02, 2021 (GLOBE NEWSWIRE) Middlefield Group, on behalf of E Split Corp. (TSX: ENS and ENS.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 $32.7 million.
The offering is expected to close on or about Tuesday, March 9, 2021 and is subject to certain closing conditions including approval by the Toronto Stock Exchange.
The Class A Shares were offered at a price of $12.50 per Class A Share to yield 12.5% and the Preferred Shares were offered at a price of $10.00 per Preferred Share to yield 5.3%. 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 (calcul
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