Real Estate Split Corp. Announces Intention to Extend Term

Core Viewpoint - Real Estate Split Corp. plans to extend its maturity date by an additional 5 years to December 31, 2030, allowing shareholders to continue benefiting from a diversified portfolio of North American real estate securities [1][2]. Group 1: Term Extension - The board of directors intends to approve the extension of the maturity date, which will be announced at least 60 days prior to the original maturity date of December 31, 2025 [1]. - The extension allows Class A shareholders to maintain exposure to a high-conviction, actively managed portfolio of leading North American real estate companies [2]. - The term extension is not a taxable event, enabling shareholders to defer potential capital gains tax liability until the shares are disposed of [3]. Group 2: Shareholder Returns - Since inception on November 19, 2020, Class A shares have delivered a total return of 5.4% per annum, including cash distributions of $6.94 per share [4]. - Preferred shareholders will benefit from preferential cash dividends until December 31, 2030, with Preferred shares delivering a total return of 5.3% per annum since inception [5]. Group 3: Company Background - Middlefield, founded in 1979, is a specialist equity income asset manager with a focus on high-quality global companies across various sectors [6].