On February 14, 2025, E Split Corp. announced an at-the-market (ATM) equity offering of up to $200 million in Preferred Shares and $200 million in Class A Shares, totaling $400 million. The offering is conducted through National Bank Financial Inc. as the sole agent, with shares sold directly on the Toronto Stock Exchange (TSX) or other Canadian trading platforms. The TSX has conditionally approved the listing of additional shares, subject to regulatory requirements.

E Split Corp. invests primarily in Enbridge Inc. (TSX: ENB) and aims to use the proceeds to enhance its portfolio. The Preferred Shares provide fixed cumulative preferential quarterly distributions, while Class A Shares offer non-cumulative monthly distributions and capital appreciation potential. The maturity date is June 30, 2028, with possible extensions at the board’s discretion.

Legal counsel for the offering includes Fasken Martineau DuMoulin LLP for E Split Corp. and McCarthy Tétrault LLP for National Bank Financial Inc. The agent receives up to 2.5% commission per share sold. The offering will remain open until the earlier of March 13, 2027, the full sale of the shares, or termination of the distribution agreement.