Corporation in Real Estate Announces Plans to Prolong Timeframe
Real Estate Split Corp. Extends Maturity Date to 2030
Real Estate Split Corp., a company specialising in dividend-focused strategies, has announced a five-year extension of its maturity date. The new maturity date is set for December 31, 2030, previously scheduled for December 31, 2025.
The extension offers preferential cash dividends to Preferred shareholders until the end of 2030. However, the expected preferred share distribution rate for the extended term has not yet been announced but will be disclosed at least 60 days prior to the original maturity date of December 31, 2025.
Preferred shareholders have delivered a 5.3% per annum total return since inception. Class A shareholders have fared even better, with a 5.4% per annum total return, including cash distributions of $6.94 per share.
Middlefield, the company behind Real Estate Split Corp., is a specialist equity income asset manager, founded in 1979. It operates from offices in Toronto, Canada, and London, England. The company's product offerings span various sectors, including real estate, healthcare, innovation, infrastructure, energy, diversified income, and more.
Middlefield offers a wide range of investment product types, including Exchange-Traded Funds (ETFs), Mutual Funds, Split-Share Funds, Closed-End Funds, and Flow-through Limited Partnerships (LPs). The extended term will allow the Company to continue offering a diversified portfolio of North American real estate securities.
Investors should note that there are ongoing fees and expenses associated with owning shares of Middlefield's investment funds. Additionally, investors may pay brokerage fees when purchasing or selling shares on the Toronto Stock Exchange or other Canadian trading systems.
However, Class A shareholders have the option to reinvest their cash distributions in a commission-free dividend reinvestment plan.
Certain statements in Middlefield's press releases may be viewed as forward-looking statements. The performance of each fund can vary significantly, and there are risks and uncertainties that may cause actual events or results to differ from those reflected in the forward-looking statements.
Investors seeking more detailed information about the funds can find it in the public filings available at www.sedar.com. It is always advisable to conduct thorough research before making any investment decisions.
- The extension of Real Estate Split Corp.'s maturity date to 2030 indicates a focus on long-term investments within the real estate sector in Canada.
- Middlefield, based in Toronto, Canada, manages a variety of investment products, including real estate, and this extension will allow for continued investment in North American real estate securities.
- Despite ongoing fees and expenses associated with Real Estate Split Corp. shares, Class A shareholders have the option to reinvest their dividends commission-free, potentially impacting their total health and wealth.
- As the news about Real Estate Split Corp.'s extended maturity date circulates, there may be potential implications for the environment and economy of Canada, considering the involvement of the real estate sector.
