Source: Pavel Ignatov.
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  • Sustainable Power & Infrastructure Split (PWI) completes treasury offering
  • The company invests in a globally diversified and actively managed portfolio
  • The class A shares were priced at $8.95
  • The preferred shares were offered for $10.00 per preferred share for a yield to maturity of 5.2 per cent
  • For the company to qualify for inclusion in the portfolio, issuers must have a market capitalization of at least CDN$2.0 billion
  • Sustainable Power & Infrastructure Split Corp. (PWI) is down 0.34 per cent, trading at C$8.92 at 11:04 am EST

Sustainable Power & Infrastructure Split Corp. (PWI) has completed a treasury offering of class A and preferred shares for $9.7 million.

The class A shares were priced at $8.95 and for a distribution rate of 8.9 per cent. The preferred shares were offered for $10.00 per preferred share for a yield to maturity of 5.2 per cent.

The shares were to be non-dilutive to the most recently calculated net asset value per unit of the company, as adjusted for dividends and certain expenses to be accrued before or upon settlement of the offering.

The company invests in a globally diversified and actively managed portfolio regularly.

The portfolio includes investments in companies operating in renewable power, green transportation, energy efficiency, and communications, among others.

For the company to qualify for inclusion in the portfolio, issuers must have a market capitalization of at least CDN$2.0 billion.

The manager expects at least 15 sustainable power and infrastructure companies to comprise the portfolio.

Founded in 2000, Brompton is an experienced investment fund manager with income-focused investment solutions.

Sustainable Power & Infrastructure Split Corp. (PWI) is down 0.34 per cent, trading at C$8.92 at 11:04 am EST.


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