Brompton Energy Split Corp. announces $50 million ATM offering with RBC Dominion Securities

Company

Brompton Energy Split Corp.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

RBC Dominion Securities Inc.

Law Firm / Organization
Stikeman Elliott LLP

On December 18, 2024, Brompton Energy Split Corp. announced a $50 million at-the-market (ATM) offering of Preferred Shares and Class A Shares. RBC Dominion Securities Inc. acted as the sole agent for the deal.

The offering allows sales at prevailing market prices through the Toronto Stock Exchange under symbols ESP.PR.A and ESP. Proceeds will be used to support the company’s investment strategy in dividend-paying global energy equities. The transaction was advised by Osler, Hoskin & Harcourt LLP (for the issuer) and Stikeman Elliott LLP (for the agent).

Preferred Shares offer quarterly fixed distributions, while Class A Shares provide monthly distributions based on portfolio performance. The deal requires no minimum raise and aims to maintain net asset value per unit stability.

Merger & Acquisition
Banking/Finance
$ 50,000,000
Active