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CALGARY, Alberta, Aug. 23, 2021 (GLOBE NEWSWIRE) — Middlefield Group, on behalf of Real Estate & E-Commerce Split Corp. (TSX: RS and RS.PR.A) (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, August 24, 2021. The offering is expected to close on or about August 30, 2021 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 $20.50 per Class A Share to yield 7.6% and the Preferred Shares will be offered at a price of $10.00 per Preferred Share to yield 5.3%. The closing price on the TSX for each of the Class A Shares and…