Brompton Group has announced (on 2025-8-12):
) Sustainable Power & Infrastructure Split Corp. (the “Fund”) is pleased to announce that the board of directors of the Fund has approved an extension of the maturity date of the class A shares (the “Class A Shares”) and preferred shares (the “Preferred Shares”) of the Fund. The current maturity date of May 29, 2026 will be extended for an additional term of approximately 5 years to May 29, 2031. The Preferred Share dividend rate for the extended term will be announced at least 60 days prior to the current May 29, 2026 maturity date and will be based on market yields for preferred shares with similar terms at that time. The term extension allows Class A shareholders to continue their investment with an attractive distribution rate of 10.2% based on the August 11, 2025 closing price, and the opportunity for capital appreciation.(1) The extension of the term of the Fund is not a taxable event and enables shareholders to defer potential capital gains tax liability that would have otherwise been realized on redemption of Class A Shares or Preferred Shares at the end of the term, until such time that shares are disposed of by shareholders.
Since inception on May 21, 2021 to July 31, 2025, the Class A Share has 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% per annum and 3.8% per annum, respectively.(2) Since inception to July 31, 2025, Class A shareholders have received cash distributions of $3.45 per share. Class A shareholders also have the option to reinvest their cash distributions in a dividend reinvestment plan which is commission free to participants.
The term extension offers Preferred shareholders the opportunity to enjoy preferential cash dividends until May 29, 2031. The Preferred share has delivered a 5.1% per annum return since inception to July 31, 2025 and has a high level of downside protection, with 51% asset coverage as of July 31, 2025.
Brompton Funds Limited (“Brompton”) believes the Fund is well-positioned to benefit from secular growth opportunities in infrastructure that are being driven by artificial intelligence (AI), government spending, electrification, and the reshoring of manufacturing.
The Fund invests in a globally diversified and actively managed portfolio (the “Portfolio”) consisting primarily of dividend-paying securities of power and infrastructure companies whose assets, products and services Brompton believes are facilitating the multi-decade transition toward decarbonization and environmental sustainability. The Portfolio may include investments in companies operating in the areas of renewable power (wind, solar, hydroelectric), green transportation (electric vehicles, energy transportation and storage, railroads, carbon capture), energy efficiency (smart grids, smart meters, building efficiency), and communications (communication networks, 5G wireless technology), among others.
The sole affected (preferred share) issue is PWI.PR.A .