Parties
Company
Brompton Energy Split Corp.
Bank
RBC Dominion Securities Inc.
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.
Deal Type
Merger & AcquisitionIndustry
Banking/FinanceTransaction
$ 50,000,000Deal Status
ActiveClosing Date