E Split Corp.
$120,000,000.00
2,667,000.00 Securities at $15.00
Initial Public Offering - Closed - Friday, June 29, 2018
Company Description
E Split Corp. is a mutual fund established as a corporation to invest in a portfolio comprised primarily of common shares of Enbridge Inc., a North American oil and gas pipeline, gas processing and natural gas distribution company. The Company will be managed by Middlefield Limited. Middlefield Capital Corporation will provide investment management advice to the Company.
| Address: |
812 Memorial Drive N.W. Calgary, Alberta, 2N 3C8 Canada |
|---|---|
| Phone Number: | 403 269 2100 |
| Fax Number: | 403 269 2911 |
| Website: |
| Industry: | Structured Products |
|---|---|
| Closing Date: | Friday, June 29, 2018 |
| 1st Day of Trading: | Friday, June 29, 2018 |
| Primary Symbol: | ENS |
| Exchange: | Toronto |
Proceeds
The net proceeds of the offering will be used to invest primarily in Enbridge common shares in accordance with the Company’s investment objectives, strategy and restrictions and to fund the ongoing fees and expenses of the Company.
| Gross Proceeds: | $120,000,000.00 |
|---|---|
| Underwrting Fees: | $5,400,000.00 |
| Expense Offering: | $0.00 |
| Net Proceeds: | $114,600,000.00 |
| Lead Underwriter: | CIBC World Markets Inc. |
|---|---|
| Other Underwriter(s): |
RBC Dominion Securities Inc. BMO Nesbitt Burns Inc. TD Securities Inc. Scotia Capital Inc. National Bank Financial Inc. Desjardins Securities Inc. GMP Securities Ltd. Raymond James Ltd. Middlefield Capital Corporation Industrial Alliance Securities Inc. Canaccord Genuity Corp. Manulife Securities Incorporated Mackie Research Capital Corporation |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | -0.70 % | 1.61 % | -5.40 % | 1.34 % | -24.13 % |
| Post IPO Performance | 0.60 % | 0.60 % | -28.00 % |
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