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Apex Trader Funding - News

Real Estate Split Corp. Announces Overnight Offering

Not for distribution to U.S. Newswire Services or for dissemination in the United States. TORONTO, April 15, 2024 (GLOBE NEWSWIRE) -- Middlefield, on behalf of Real Estate Split Corp. (TSX:RS) (the "Company"), is pleased to announce that the Company is undertaking an overnight treasury offering of class A and preferred shares (the "Class A Shares" and "Preferred Shares", respectively). The sales period for this overnight offering will end at 9:00 a.m. (ET) on Tuesday, April 16, 2024. The offering is expected to close on or about April 23, 2024 and is subject to certain closing conditions including approval by the Toronto Stock Exchange ("TSX"). The Class A Shares will be offered at a price of $11.70 per Class A Share to yield 13.3% and the Preferred Shares will be offered at a price of $9.65 per Preferred Share to yield 7.5% to maturity. The ...