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Infrastructure Dividend Split Corp. Announces Increase to Class A Distribution Rate
Globenewswire· 2026-02-20 15:28
TORONTO, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Middlefield Limited, on behalf of Infrastructure Dividend Split Corp. (TSX:IS) (the “Fund”) is pleased to announce a 7.1% increase in the Fund’s Class A share monthly distribution rate, raising it from $0.14/share to $0.15/share. The distribution increase is supported by continued dividend growth from the portfolio. Record DatePayable DateDistribution Per Equity ShareFebruary 28, 2026March 13, 2026$0.15 Infrastructure Dividend Split Corp. is a corporation design ...
Infrastructure Dividend Split Corp. Establishes At-the-Market Equity Program
Globenewswire· 2025-08-14 21:27
Core Viewpoint - Infrastructure Dividend Split Corp. has launched an at-the-market equity program to issue Class A and Preferred Shares, allowing for sales at prevailing market prices through the Toronto Stock Exchange [1][2]. Group 1: ATM Program Details - The ATM Program will be executed under an equity distribution agreement with National Bank Financial Inc., allowing for "at-the-market distributions" on the TSX or other Canadian marketplaces [2]. - The maximum gross proceeds from the issuance of shares under the ATM Program is set at $75,000,000 for both Class A and Preferred Shares [3]. - The program will remain effective until July 17, 2027, unless terminated earlier by the Company [3]. Group 2: Use of Proceeds - Proceeds from the ATM Program will be utilized in alignment with the Company's investment objectives and strategies, focusing on a diversified portfolio of 20 to 25 dividend-paying issuers in the infrastructure sector [4]. Group 3: Investment Objectives - The Class A Shares aim to provide non-cumulative monthly cash distributions, with a targeted increase to $0.14 per share effective October 31, 2024, up from $0.125 [5]. - The Preferred Shares are designed to offer fixed cumulative preferential quarterly cash distributions of $0.18 per share and to return the original issue price by April 30, 2029 [5].