Canadian Large Cap Leaders Split Corp.: Presale Report
Split Shares & FundsSummary
DBRS Limited (DBRS Morningstar) assigned a provisional credit rating of Pfd-3 (high) to the Preferred Shares to be issued by Canadian Large Cap Leaders Split Corp. (the Company). Ninepoint Partners LP will act as the manager of the Company. The Company will issue an equal number of Preferred Shares and Class A Shares at an issue price of $10.00 per Preferred Share and $15.00 per Class A Share. The Preferred Shares and Class A Shares are issued only on the basis that an equal number of Preferred Shares and Class A Shares will be outstanding at closing and at all material times. The term of the Company may be extended beyond the maturity date for additional terms of five years each as determined by the Company’s board of directors.
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