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FINWIRES

Power & Infrastructure Split Corp. Launches Treasury Offering of Class A, Preferred Shares

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Power & Infrastructure Split Corp. (PWI.TO) on Wednesday said it plans an overnight offering of class A and preferred shares, priced at $13.60 and $10.40 per share, respectively.

The class A shares are designed to provide investors with regular monthly cash distributions and the potential for capital growth through the company's portfolio. The preferred shares are intended to provide investors with fixed, cumulative quarterly cash distributions, according to the statement.

The offering period is set to end on Thursday, with closing expected on or about June 11, subject to customary closing conditions, including approval from the Toronto Stock Exchange, the company said.

Price: $13.68, Change: $-0.07, Percent Change: -0.51%

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