Real Estate & E-Commerce Split Corp. Class A (TSE:RS) has released an update.
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Real Estate Split Corp. has announced a successful overnight offering, expecting to garner $9.5 million from the sale of Class A and Preferred Shares, with a closing date set for April 23, 2024. The Class A shares aim to offer monthly cash distributions and capital appreciation, while Preferred Shares provide quarterly cash distributions and a return of the original issue price upon maturity. The offering was co-led by a syndicate of prominent financial institutions, underscoring a diversified investment opportunity in North American real estate.
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