Brompton Energy Split Corp. Announces Extension of Term
Brompton Energy Split Corp. has extended the maturity date for its Class A and Preferred shares by five years to March 30, 2032, allowing shareholders to defer capital gains taxes and maintain their positions. The Class A shares offer a current distribution rate of 15.7% based on the August 10 closing price, while Preferred shareholders retain preferential distributions backed by 40% asset coverage.
Key figures
- Class a return 3y
- 29.1%
- Distribution rate
- 15.7%
- New maturity date
- March 30, 2032
- Preferred return 3y
- 8.0%
- Asset coverage ratio
- 40%
- Term extension years
- 5
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