Canadian Large Cap Leaders Split Corp. Files Final Prospectus
31 1월 2024 - 11:21PM
Ninepoint Partners LP (“Ninepoint”) is pleased to announce that
Canadian Large Cap Leaders Split Corp. (the “Company”) has filed a
final prospectus dated January 29, 2024 in connection with an
initial public offering (the “Offering”) of up to a maximum of
3,000,000 preferred shares (“Preferred Shares”) and 3,000,000 class
A shares (“Class A Shares”) at a price of $10.00 per Preferred
Share and $15.00 per Class A Share, for a maximum offering size of
$75,000,000. A receipt for the final prospectus has been issued by
the securities regulatory authorities in each of the provinces and
territories of Canada. The Offering is expected to close on or
about February 22, 2024. The Toronto Stock Exchange has
conditionally approved the listing of the Preferred Shares and the
Class A Shares under the symbols “NPS.PR.A” and “NPS”,
respectively.
The Company will invest in an initially equally-weighted
portfolio comprised primarily of equity securities of Canadian
Dividend Growth Companies (as defined below), selected by the
portfolio manager, that at the time of investment and immediately
following each periodic reconstitution and rebalancing: (i) are
listed on a Canadian exchange; (ii) pay a dividend; (iii) generally
have a market capitalization of at least $10 billion; (iv) have
options in respect of its equity securities that, in the opinion of
the portfolio manager, are sufficiently liquid to permit the
portfolio manager to write options in respect of such securities;
and (v) have a history of dividend growth or, in the portfolio
manager’s view have high potential for future dividend growth
(“Canadian Dividend Growth Companies”).
The investment objectives for the Preferred Shares are to
provide their holders with fixed cumulative preferential quarterly
cash distributions in the amount of $0.1875 per Preferred Share
($0.75 per annum or 7.5% per annum on the issue price of $10.00 per
Preferred Share), and to return the original issue price of $10.00
to holders upon maturity. The Preferred Shares have been
provisionally rated Pfd-3 (high) by DBRS Limited.
The investment objectives for the Class A Shares are to provide
their holders with regular monthly non-cumulative cash
distributions targeted to be $0.125 per Class A Share representing
a yield on the issue price of $15.00 per Class A Share of 10% per
annum and to provide holders with the opportunity for growth in the
net asset value per Class A Share.
Ninepoint will act as the manager, portfolio manager and
promoter of the Company and will provide all administrative
services required by the Company.
AgentsThe Offering is being made through a
syndicate of agents led by RBC Capital Markets which includes CIBC
Capital Markets, National Bank Financial Inc., Scotiabank, BMO
Capital Markets, Canaccord Genuity Corp., TD Securities Inc., iA
Private Wealth Inc., Manulife Wealth Inc., Richardson Wealth
Limited, Desjardins Securities Inc., Raymond James Ltd., Echelon
Wealth Partners Inc., Hampton Securities Limited, Research Capital
Corporation and Wellington-Altus Private Wealth Inc.
The Offering is only made by prospectus. The prospectus
contains important detailed information about the securities being
offered. Copies of the prospectus may be obtained from one of the
agents listed above. Investors should read the prospectus before
making an investment decision.
About Ninepoint Partners LPBased in Toronto,
Ninepoint Partners LP is one of Canada’s leading alternative
investment management firms overseeing approximately $7.8 billion
in assets under management and institutional contracts. Committed
to helping investors explore innovative investment solutions that
have the potential to enhance returns and manage portfolio risk,
Ninepoint offers a diverse set of alternative strategies spanning
Equities, Fixed Income, Alternative Income, Real Assets, F/X and
Digital Assets.
For more information on Ninepoint, please visit
www.ninepoint.com or for inquiries regarding the Offering, please
contact us at (416) 943-6707 or (866) 299-9906 or
invest@ninepoint.com.
Certain statements included in this news release constitute
forward-looking statements, including, but not limited to, those
identified by the expressions “expects”, “intends”, “anticipates”,
“will” and similar expressions to the extent that they relate to
the Company. The forward-looking statements are not historical
facts but reflect Ninepoint's current expectations regarding future
results or events. These forward-looking statements are subject to
a number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. Although
Ninepoint believes the assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not
guarantees of future performance and, accordingly, readers are
cautioned not to place undue reliance on such statements due to the
inherent uncertainty therein. Neither the Company nor Ninepoint
undertake any obligation to update publicly or otherwise revise any
forward-looking statement or information whether as a result of new
information, future events or other such factors which affect this
information, except as required by law.
The securities offered have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent registration or any applicable
exemption from the registration requirements. This news release
does not constitute an offer to sell or the solicitation of an
offer to buy securities nor will there be any sale of such
securities in any state in which such offer, solicitation or sale
would be unlawful.
Canadian Large Cap Leade... (TSX:NPS.PR.A)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Canadian Large Cap Leade... (TSX:NPS.PR.A)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024