TORONTO, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (“the Company”) announces it has renewed its at-the-market equity program (“ATM Program”) that allows the Company to issue shares of the Company to the public from time to time at the Company’s discretion, effective until June 1, 2026, unless terminated prior to such date by the Company. This ATM Program replaces the prior program established in May 2024 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM ...

/NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ TORONTO, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Urbana Corporation (“Urbana”) (TSX & CSE: URB & URB.A) announced today that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to conduct a normal course issuer bid to enable it to purchase up to 3,107,305 of its non-voting Class A shares (the “Class A Shares”), representing 10% of the public float, pursuant to TSX rules (the “Notice”). Purchases under the bid may co ...

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].

Core Viewpoint - The Sustainable Power & Infrastructure Split Corp. has announced an extension of the maturity date for its Class A and Preferred Shares, allowing for continued investment opportunities and potential capital appreciation until May 29, 2031 [1] Group 1: Shareholder Benefits - Class A shareholders will benefit from an attractive distribution rate of 10.2% based on the closing price as of August 11, 2025, and can defer potential capital gains tax until shares are disposed of [1] - Since inception on May 21, 2021, Class A Shares have delivered a 14.0% per annum return, outperforming the S&P Global Infrastructure Total Return Index and the MSCI World Total Return Index by 4.3% and 3.8% per annum, respectively [2] - Preferred shareholders will enjoy preferential cash dividends until the extended maturity date, with a return of 5.1% per annum since inception [3] Group 2: Fund Strategy and Portfolio - The Fund is positioned to capitalize on growth opportunities in infrastructure driven by trends such as artificial intelligence, government spending, electrification, and reshoring of manufacturing [4] - The Fund invests in a diversified portfolio primarily consisting of dividend-paying securities from power and infrastructure companies, focusing on renewable power, green transportation, energy efficiency, and communications [5] Group 3: Performance Metrics - The Class A Shares have shown strong annual compound returns of 30.2% over the past year and 23.8% over the past three years, significantly outperforming relevant indices [8] - The Preferred Shares have maintained a consistent return of 5.1% since inception, indicating stability and downside protection with 51% asset coverage as of July 31, 2025 [3][8]

Core Viewpoint - NB Private Equity Partners ("NBPE") has announced the buyback of Class A Shares as authorized by shareholders, indicating a strategic move to manage its capital structure and enhance shareholder value [2][3]. Group 1: Share Buyback Details - The share buyback occurred on June 27, 2025, with 1,500 Class A Shares purchased at a uniform price of £14.28 [3]. - Following the buyback, the total number of outstanding Class A Shares will be reduced to 45,498,210, with an additional 3,150,408 Class A shares held in treasury [3]. Group 2: Company Overview - NBPE is a closed-end investment company based in Guernsey, focusing on direct private equity investments alongside leading private equity firms globally [4][7]. - The investment manager, NB Alternatives Advisers LLC, is a wholly owned subsidiary of Neuberger Berman Group LLC, which emphasizes fee efficiency by not charging management fees or carried interest to third-party general partners [4]. - The company aims for capital appreciation through growth in net asset value while providing bi-annual dividends to its shareholders [4]. Group 3: Neuberger Berman Background - Neuberger Berman, founded in 1939, is an independent investment manager with over 2,800 employees across 26 countries, managing $515 billion in various asset classes [5]. - The firm's investment philosophy is centered on active management, fundamental research, and engaged ownership, recognized as a top workplace in money management for eleven consecutive years [5].

Core Points - Canadian Life Companies Split Corp. has completed an overnight offering of Preferred Shares and Class A Shares, raising total gross proceeds of $40.0 million, increasing net assets to approximately $217.9 million [1][2] - The Preferred Shares were priced at $10.55 with a yield of 6.64%, while the Class A Shares were priced at $6.35 with a yield of 18.90% [2] - The net proceeds from the offering will be invested in an actively managed portfolio primarily consisting of four publicly traded Canadian life insurance companies: Great‐West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation, and Sun Life Financial Inc. [3]

Core Viewpoint - Canadian Banc Corp. has renewed its at-the-market equity program, allowing the issuance of shares until July 19, 2027, with a maximum gross proceeds of $350 million [1][2]. Group 1: ATM Program Details - The renewed ATM Program replaces the previous program established in January 2024 and allows the Company to issue Class A Shares and Preferred Shares at prevailing market prices [1][2]. - Sales will occur through the Toronto Stock Exchange or other Canadian marketplaces, with prices varying among purchasers during the distribution period [2]. - The program is governed by an equity distribution agreement with National Bank Financial Inc. dated June 19, 2025 [1][2]. Group 2: Use of Proceeds - Proceeds from the ATM Program will be utilized in alignment with the Company's investment objectives and strategies, subject to investment restrictions [3]. - The Company invests in a portfolio of six publicly traded Canadian banks, including Bank of Montreal, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Bank of Nova Scotia, National Bank of Canada, and The Toronto-Dominion Bank [3].

Core Viewpoint - Canadian Life Companies Split Corp. has successfully completed the overnight marketing of its Preferred Shares and Class A Shares, raising approximately $40.0 million in gross proceeds [1][2]. Offering Details - The offering is expected to close on or about June 26, 2025, pending approval by the TSX [2]. - Preferred Shares were priced at $10.55 each, yielding 6.64%, while Class A Shares were priced at $6.35 each, yielding 18.90% [2]. - The closing prices on the TSX for the Preferred Shares and Class A Shares on June 18, 2025, were $10.70 and $6.50, respectively [2]. Use of Proceeds - The net proceeds from the offering will be invested in an actively managed portfolio primarily consisting of four publicly traded Canadian life insurance companies: Great‐West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation, and Sun Life Financial Inc. [3]. Investment Objectives - For Preferred Shares, the company aims to provide fixed, cumulative preferential monthly cash dividends at a rate equal to the greater of 7.00% or Prime Rate plus 2% (maximum of 9%) annually based on the $10.00 original issue price, and to return the original $10 issue price by December 1, 2030 [4]. - For Class A Shares, the company intends to provide regular monthly cash dividends as determined by the directors and to pay remaining amounts after Preferred Shareholders by December 1, 2030 [4].

Core Viewpoint - North American Financial 15 Split Corp. has announced its intention to initiate a Normal Course Issuer Bid (NCIB) to repurchase its Preferred Shares and Class A Shares, which will run from June 2, 2025, to June 1, 2026 [1]. Group 1: NCIB Details - The Company plans to buy up to 5,738,811 Preferred Shares and 5,865,279 Class A Shares, representing 10% of the public float of 57,388,118 Preferred Shares and 58,652,794 Class A Shares as of May 21, 2025 [2]. - The Company will limit its purchases to a maximum of 1,147,772 Preferred Shares and 1,174,499 Class A Shares in any 30-day period, which is 2% of the issued and outstanding shares as of May 21, 2025 [2]. - No shares were purchased under the previous NCIB that ended on May 28, 2025 [2]. Group 2: Management Perspective - The Board of Directors, advised by Quadravest Capital Management Inc., believes that the share repurchases are in the best interests of the Company and represent a desirable use of its funds [3]. Group 3: Investment Portfolio - The Company invests in a high-quality portfolio consisting of 15 financial services companies, including major Canadian and U.S. issuers such as Bank of Montreal, Royal Bank of Canada, and Goldman Sachs Group [4].

Core Viewpoint - Dividend 15 Split Corp. II has announced its intention to initiate a Normal Course Issuer Bid (NCIB) to repurchase its Preferred Shares and Class A Shares, which will run from June 2, 2025, to June 1, 2026 [1]. Group 1: NCIB Details - The Company plans to purchase up to 2,242,527 Preferred Shares and 2,234,759 Class A Shares, representing 10% of the public float of 22,425,275 Preferred Shares and 22,347,591 Class A Shares [2]. - The maximum number of shares that can be purchased in any 30-day period is limited to 448,505 Preferred Shares and 448,677 Class A Shares, which is 2% of the issued and outstanding shares as of May 21, 2025 [2]. - No shares were purchased under the previous NCIB that ran from May 29, 2024, to May 28, 2025 [2]. Group 2: Management Perspective - The Board of Directors, advised by Quadravest Capital Management Inc., believes that the share repurchases are in the best interests of the Company and represent a desirable use of its funds [3]. - All repurchased shares will be cancelled following the NCIB [3]. Group 3: Investment Portfolio - The Company invests in a high-quality portfolio of leading Canadian dividend-yielding stocks, including major banks and financial institutions such as Bank of Montreal, Royal Bank of Canada, and Enbridge [4].