tiprankstipranks
Company Announcements

Real Estate Split Corp. Renews Equity Program to Bolster Investment Strategies

Story Highlights
  • Real Estate Split Corp. renews its at-the-market equity program for Class A and Preferred Shares.
  • The program aims to support investment objectives with targeted proceeds of $75 million per share class.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Real Estate Split Corp. Renews Equity Program to Bolster Investment Strategies

Discover the Best Stocks and Maximize Your Portfolio:

Real Estate & E-Commerce Split Corp. Class A ( (TSE:RS) ) has provided an update.

Real Estate Split Corp. has renewed its at-the-market equity program, enabling the issuance of Class A and Preferred Shares on the Toronto Stock Exchange, with a maximum gross proceeds target of $75 million for each share class. This program is designed to support the company’s investment objectives, which include providing monthly cash distributions and potential capital appreciation for Class A Shares, as well as fixed quarterly cash distributions and capital preservation for Preferred Shares.

More about Real Estate & E-Commerce Split Corp. Class A

Real Estate Split Corp. operates within the real estate and e-commerce sectors, offering a diversified and actively managed portfolio. The company focuses on issuers across various sectors, including real estate investment trusts, e-commerce, data infrastructure, multi-family, retail, office, and healthcare. Middlefield Capital Corporation provides investment management advice to the company.

YTD Price Performance: -11.07%

Average Trading Volume: 52,782

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$115.5M

Find detailed analytics on RS stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1