Power & Infrastructure Split Corp. Establishes At-The-Market Equity Program

Core Viewpoint - Power & Infrastructure Split Corp. has launched an at-the-market equity program to issue Class A and Preferred Shares, aiming to raise up to $50 million for each share class through the Toronto Stock Exchange [1][2]. Group 1: ATM Program Details - The ATM Program allows the Fund to sell Class A and Preferred Shares at prevailing market prices, with sales conducted through the TSX or other Canadian marketplaces [2][3]. - The program is effective until February 16, 2028, unless terminated earlier by the Fund [3]. Group 2: Investment Objectives - The Class A Shares aim to provide regular monthly non-cumulative cash distributions and capital appreciation through exposure to a diversified portfolio of dividend-paying securities in the power and infrastructure sectors [4]. - The Preferred Shares are designed to offer fixed cumulative preferential quarterly cash distributions and to return the original issue price of $10.00 by May 29, 2031 [5]. Group 3: Performance Metrics - Since inception, Class A Shares have delivered a total return of 13.8% per annum, outperforming the S&P Global Infrastructure Total Return Index by 3.7% per annum [6]. - The Preferred Shares have provided a total return of 5.1% per annum since inception, with downside protection of approximately 54% based on the latest net asset value [6]. Group 4: Company Background - Brompton Funds, established in 2000, is the investment fund manager for Power & Infrastructure Split Corp., focusing on income and growth investment solutions [7].