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Canadian Large Cap Leaders Split Corp. Completes Overnight Offering of Preferred Shares and Class A Shares
The company sold 2.83 million shares and will use the proceeds to buy Canadian dividend growth stocks selected by its portfolio manager.
On Friday, August 21, 2026, Canadian Large Cap Leaders Split Corp. completed an overnight offering of Preferred Shares and Class A Shares, raising $34.4 million; securities began trading on the Toronto Stock Exchange under symbols NPS.PR.A and NPS.
Ninepoint Partners, based in Toronto and overseeing approximately $8 billion in assets, manages the Company's portfolio strategy focused on Canadian Dividend Growth Companies with market capitalizations of at least $10 billion.
The Company announced a distribution payable on September 14, 2026, to shareholders of record on August 31, 2026, and offers a distribution reinvestment plan, or "DRIP," enabling Class A Shareholders to reinvest distributions commission-free.
Led by National Bank Financial Inc., the syndicate of agents finalized the sale through a prospectus supplement dated August 14, 2026, under the Company's short form base shelf prospectus originally dated May 28, 2026.
Investors should not place undue reliance on forward-looking statements regarding the Company's future financial performance, as actual results may vary from anticipated events, plans, or predictions disclosed in public filings.