{"id":51984,"date":"2026-06-03T19:59:23","date_gmt":"2026-06-03T23:59:23","guid":{"rendered":"https:\/\/prefblog.com\/?p=51984"},"modified":"2026-06-03T19:59:23","modified_gmt":"2026-06-03T23:59:23","slug":"pwi-pr-a-to-get-bigger","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51984","title":{"rendered":"PWI.PR.A To Get Bigger"},"content":{"rendered":"

Brompton Group has announced<\/a>:<\/p>\n

Power & Infrastructure Split Corp. (the \u201cFund\u201d) is pleased to announce it is undertaking a treasury offering of class A and preferred shares (the \u201cClass A Shares\u201d and \u201cPreferred Shares\u201d, respectively) (the \u201cOffering\u201d).<\/p>\n

The sales period for the Offering is expected to end on Thursday, June 4, 2026. The Offering is expected to close on or about June 11, 2026 and is subject to certain closing conditions including approval by the Toronto Stock Exchange (\u201cTSX\u201d).<\/p>\n

The Class A Shares will be offered at a price of $13.60 per Class A Share for a distribution rate of 8.8% on the issue price.(1)(2) The Preferred Shares will be offered at a price of $10.40 per Preferred Share to yield 6.2%.(2) The closing price on the TSX for each of the Class A Shares and the Preferred Shares on June 2, 2026 were $13.75 and $10.48, respectively. The Class A Share and Preferred Share offering prices were determined so as to be non-dilutive to the most recently calculated net asset value (\u201cNAV\u201d) per unit of the Company (calculated as at June 2, 2026), as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the Offering. The Offering is being led by RBC Capital Markets.<\/p>\n

The Company invests in a globally diversified and actively managed portfolio (the \u201cPortfolio\u201d) consisting primarily of dividend paying securities of power and infrastructure companies selected by Brompton Funds Limited.<\/p>\n

The investment objectives for the Class A Shares are to provide their holders with regular monthly non-cumulative cash distributions and to provide holders of Class A Shares with the opportunity for capital appreciation through exposure to the Portfolio. Over the past 5 years, the Class A Share has generated a 17.5% per annum return.(2)<\/p>\n

The investment objectives for the Preferred Shares are to provide holders with fixed cumulative preferential quarterly cash distributions and to return the original issue price of $10.00 to holders of Preferred Shares on May 29, 2031. The distribution rate for the term from May 30, 2026 to May 29, 2031 is $0.64 per Preferred Share per annum (6.4% on the par value of $10.00) payable quarterly. Over the past 5 years, the Preferred Share has generated a 5.1% per annum return.(2) Purchasers of Preferred Shares in this Offering will be eligible to receive the June 2026 quarterly dividend when the dividend is declared.<\/p><\/blockquote>\n

So the NAVPU is 22.52<\/a> and they’re selling these Whole Units for a total of 24.00. Nice business!<\/p>\n

PWI.PR.A now pays 6.4% p.a. after its recent extension<\/a> to 2031-5-29.<\/p>\n","protected":false},"excerpt":{"rendered":"

Brompton Group has announced: Power & Infrastructure Split Corp. (the \u201cFund\u201d) is pleased to announce it is undertaking a treasury offering of class A and preferred shares (the \u201cClass A Shares\u201d and \u201cPreferred Shares\u201d, respectively) …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-51984","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51984"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51984\/revisions"}],"predecessor-version":[{"id":51985,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51984\/revisions\/51985"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}