Real Estate & E-Commerce Split Corp. Class A (TSE:RS) has released an update.
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Real Estate Split Corp. has announced an overnight offering of class A and preferred shares, with the sales period concluding on April 16, 2024. The offering is aimed at providing investors with high yield opportunities, offering class A shares at $11.70 with a 13.3% yield and preferred shares at $9.65 with a 7.5% yield to maturity. This strategic move by the company caters to investors seeking monthly and quarterly cash distributions, as well as capital appreciation and asset value retention.
For further insights into TSE:RS stock, check out TipRanks’ Stock Analysis page.
