Real Estate Split Corp. Announces Successful Overnight Offering
Real Estate Split Corp. announced a successful overnight treasury offering of Class A and preferred shares with expected gross proceeds of approximately $22.4 million. Class A Shares were priced at $9.15 to yield 17.0% and Preferred Shares at $10.45 to yield 4.6% to maturity, with prices set to be non-dilutive to the fund's most recently calculated net asset value per unit.
Key figures
- Class a yield
- 17.0%
- Expected close
- September 18, 2026
- Gross proceeds
- $22.4 million
- Preferred yield
- 4.6%
- Class a offering price
- 9.15
- Preferred offering price
- 10.45
- Preferred original issue price
- 10
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