Real Estate Split Corp. Announces Overnight Offering

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TORONTO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- 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 Thursday, October 24, 2024. The offering is expected to close on or about October 31, 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 $12.90 per Class A Share to yield 12.1% and the Preferred Shares will be offered at a price of $10.10 per Preferred Share to yield 4.4% to maturity. The closing price ...