Real Estate Split Corp. Announces Increased Preferred Share Distribution Rate
RelianceReliance(US:RS) Globenewswire·2025-10-28 21:40

Core Points - Real Estate Split Corp. has extended its maturity date for an additional 5 years to December 31, 2030 [1] - The new distribution rate for Preferred Shares will be $0.58 per annum, reflecting a 10.5% increase from the previous rate of $0.525 [2] - Class A Shareholders will maintain a targeted monthly distribution rate of $0.13 per share, with a total return of 6.2% per annum since inception [3] Company Strategy - The term extension allows Class A shareholders to continue benefiting from a diversified portfolio of North American real estate issuers, focusing on traditional property types and emerging sectors [4] - The portfolio includes industrial, multi-family, senior housing, and retail properties, as well as data centers, towers, and life science labs [4] - The Company employs a tactical asset-allocation strategy to optimize capital appreciation and income based on market conditions [4] Shareholder Options - Shareholders can continue holding their shares to receive the new distribution rate or retract their shares on December 31, 2025, with a calculated retraction price [4] - Shareholders wishing to retract must notify their investment dealer by November 27, 2025 [4] - Alternatively, shareholders may sell their shares through their securities dealer at market price, potentially achieving a higher price than through retraction [4]