Canadian Large Cap Leaders Split Corp. Completes Successful Overnight Marketing Campaign, Raising $31.6 Million in Offering

Canadian Large Cap Leaders Split Corp. Completes Successful Overnight Marketing Campaign, Raising $31.6 Million in Offering

Canadian Large Cap Leaders Split Corp. has successfully completed an overnight marketing campaign, raising a total of $31,606,181 through the sale of Preferred Shares and Class A Shares. The Offering, led by National Bank Financial Inc., has now concluded, with the closing expected around April 29, 2026, pending approval from the Toronto Stock Exchange (TSX).

The Preferred Shares are priced at $10.55 each, while the Class A Shares are offered at $15.55 per share. The net proceeds from the Offering will be invested in a portfolio of Canadian Dividend Growth Companies, focusing on equity securities listed on Canadian exchanges with a history of dividend growth or high potential for future growth.

The investment objectives of the Preferred Shares include providing fixed cumulative preferential quarterly cash distributions until February 28, 2029, with a return of the original issue price on the Maturity Date. On the other hand, the Class A Shares aim to offer regular monthly non-cumulative cash distributions and potential growth in net asset value.

Ninepoint Partners LP serves as the Manager, Portfolio Manager, and Promoter of the Company, overseeing approximately $8.2 billion in assets under management. For more information on Ninepoint Partners LP, interested parties can visit their website or contact them directly.

A prospectus supplement detailing the Preferred Shares and Class A Shares will be filed with securities commissions in Canada. Investors should be aware of brokerage fees, ongoing expenses, and the risks associated with investment funds. Forward-looking statements in this document should be considered with caution, as actual results may vary.

Please note that the securities offered have not been registered under the U.S. Securities Act of 1933 and may not be sold in the United States without proper registration or exemption. This news release does not constitute an offer to sell securities in any jurisdiction where it would be unlawful.