E Split Corp. Raises $53.2 Million in Offering

E Split Corp. Class A (TSE:ENS) has released an update.

E Split Corp. has successfully completed an overnight offering, raising approximately $53.2 million through the sale of Class A and Preferred Shares, which will continue to be traded on the Toronto Stock Exchange. The offering aimed to provide non-dilutive capital at prices geared towards attractive yields, with Class A Shares at 13.4% and Preferred Shares at 6.7%, while maintaining the net asset value per unit. The raised funds will be invested in Enbridge Inc., supporting monthly distributions for Class A shareholders and quarterly distributions for Preferred Shareholders.

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