Canadian Large Cap Leaders Split Corp. Announces Successful Overnight Offering of Preferred Shares and Class A Shares

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[{"type":"text","content":"Canadian Large Cap Leaders Split Corp. Announces Successful Overnight Offering of Preferred Shares and Class A Shares\n[Not for distribution to U.S. newswire services or for dissemination in the United States.] TORONTO, April 22, 2026 (GLOBE NEWSWIRE) -- (TSX: NPS.PR.A, NPS) – Canadian Large Cap Leaders Split Corp. (the “Company”) is pleased to announce that it has completed the overnight marketing of 1,314,383 Preferred Shares and 1,140,800 Class A Shares of the Company for total gross proceeds of $31,606,181 (the “Offering”). The Offering is being led by National Bank Financial Inc. The sale period of this overnight offering has now ended. The Offering is expected to close on or about April 29, 2026 and is subject to certain closing conditions including approval by the Toronto Stock Exchange (the “TSX”). The Preferred Shares are being offered at a price of $10.55 per Preferred Share and the Class A Shares are being offered at a price of $15.55 per Class A Share. The consolidated last trade price of each of the Preferred Shares and the Class A Shares on April 21, 2026 was $10.70 and $15.75, respectively. The net proceeds of the Offering will be used to invest, on an approximately equally-weighted basis, in a portfolio comprised primarily of equity securities of Canadian Dividend Growth Companies (as defined below), selected by the portfolio manager, that at the time of investment and immediately following each periodic reconstitution and rebalancing: (i) are listed on a Canadian exchange; (ii) pay a dividend; (iii) generally have a market capitalization of at least $10 billion; (iv) have options in respect of its equity securities that, in the opinion of the portfolio manager, are sufficiently liquid to permit the portfolio manager to write options in respect of such securities; and (v) have a history of dividend growth or, in the portfolio manager’s view have high potential for future dividend growth (“Canadian Dividend Growth Companies”). The investment objectives of the Preferred Shares are to provide holders with fixed cumulative preferential quarterly cash distributions of $0.1875 per Preferred Share, representing 7.5% per annum on the original issue price of $10.00 per Preferred Share, until February 28, 2029, subject to extension for successive terms o...

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