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Sustainable Power & Infrastructure Split Completes $41.8 Million Overnight Offering

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Sustainable Power & Infrastructure Split (PWI.TO) completed a treasury offering of class A shares and preferred shares for about $41.8 million, it said on Thursday.

The class A shares and preferred shares will trade on the Toronto Stock Exchange (TSX) under the existing symbols "PWI" and "PWI.PR.A".

The class A shares were offered at $13.60 per class A share for a distribution rate of 8.8% on the issue price, and the preferred shares were offered at $10.40 per preferred share to yield 6.2%.

Shares of the company were last seen down 0.2% at $12.43 on the TSX.

Price: $12.43, Change: $-0.03, Percent Change: -0.24%

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