Latest news with #ATMProgram
Yahoo
20-06-2025
- Business
- Yahoo
Canadian Banc Corp. At-The-Market Equity Program Renewed
TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (the 'Company') announces it has renewed its at-the-market equity program ('ATM Program') that allows the Company to issue shares of the Company to the public from time to time at the Company's discretion, effective until July 19, 2027 unless terminated prior to such date by the Company. This ATM Program replaces the prior program established in January 2024 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the 'TSX') or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated June 19, 2025 with National Bank Financial Inc. (the 'Agent'). Sales of Class A Shares and Preferred Shares will be made by way of 'at-the-market distributions' as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Class A Shares and Preferred Shares in Canada. Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated June 19, 2025 to the Company's short form base shelf prospectus dated June 18, 2025. The maximum gross proceeds from the issuance of the shares will be $350,000,000. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the Agent and are available on SEDAR+ at The volume and timing of distributions under the ATM Program, if any, will be determined at the Company's sole discretion. The Company intends to use the proceeds from the ATM Program in accordance with the investment objectives and investment strategies of the Company, subject to the investment restrictions of the Company. The Company invests in a portfolio of six publicly traded Canadian Banks as follows: Bank of Montreal Canadian Imperial Bank of Commerce Royal Bank of Canada The Bank of Nova Scotia National Bank of Canada The Toronto-Dominion Bank Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions 'expect', 'intend', 'will' and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Company's publicly filed documents which are available at Investor Relations: 1-877-478-2372 Local: 416-304-4443 info@
Yahoo
20-06-2025
- Business
- Yahoo
Dividend 15 Split Corp. II At-The-Market Equity Program Renewed
TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. II (the 'Company') announces it has renewed its at-the-market equity program ('ATM Program') that allows the Company to issue shares of the Company to the public from time to time at the Company's discretion, effective until July 19, 2027 unless terminated prior to such date by the Company. This ATM Program replaces the prior program established in May 2023 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the 'TSX') or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated June 19, 2025 with National Bank Financial Inc. (the 'Agent'). Sales of Class A Shares and Preferred Shares will be made by way of 'at-the-market distributions' as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Class A Shares and Preferred Shares in Canada. Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated June 19, 2025 to the Company's short form base shelf prospectus dated June 18, 2025. The maximum gross proceeds from the issuance of the shares will be $350,000,000. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the Agent and are available on SEDAR+ at The volume and timing of distributions under the ATM Program, if any, will be determined at the Company's sole discretion. The Company intends to use the proceeds from the ATM Program in accordance with the investment objectives and investment strategies of the Company, subject to the investment restrictions of the Company. The Company invests primarily in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial Corporation, Enbridge Inc., Sun Life Financial Inc., TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation. Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions 'expect', 'intend', 'will' and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Company's publicly filed documents which are available at Investor Relations: 1-877-478-2372Local:
Yahoo
13-06-2025
- Business
- Yahoo
Sprott Physical Platinum and Palladium Trust Updates Its 'At-the-Market' Equity Program
TORONTO, June 12, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ('Sprott Asset Management'), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Platinum and Palladium Trust (NYSE: SPPP) (TSX: SPPP / SPPP.U) (the 'Trust'), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical platinum and palladium bullion, today announced that it has updated its at-the-market equity program to issue up to U.S.$100 million of units of the Trust ('Units') in the United States and Canada. Distributions under the at-the-market equity programs in the United States and Canada (together, the 'ATM Program') will be completed in accordance with the terms of an amended and restated sales agreement (the 'Sales Agreement') dated December 6, 2024, as amended on May 2, 2025, between Sprott Asset Management (as the manager of the Trust), the Trust, Cantor Fitzgerald & Co. ('Cantor'), Cantor Fitzgerald Canada Corporation ('Cantor Canada'), Virtu Americas LLC ('Virtu'), Virtu Canada Corp. ('Virtu Canada'), BMO Capital Markets Corp. ('BMO'), BMO Nesbitt Burns Inc. ('BMO Canada'), Canaccord Genuity LLC ('Canaccord' and, together with Cantor, Virtu and BMO, the 'U.S. Agents') and Canaccord Genuity Corp. ('Canaccord Canada' and, together with Cantor Canada, Virtu Canada and BMO Canada, the 'Canadian Agents' and, together with the U.S. Agents, the 'Agents'). The Sales Agreement is available on EDGAR at the United States Securities and Exchange Commission's (the 'SEC') website at and the SEDAR+ website maintained by the Canadian Securities Administrators at Sales of Units through the Agents, acting as agent, will be made through 'at the market' issuances on the NYSE Arca ('NYSE') and the Toronto Stock Exchange ('TSX') or other existing trading markets in the United States and Canada at the market price prevailing at the time of each sale, and, as a result, sale prices may vary. None of the U.S. Agents are registered as dealers in any Canadian jurisdiction and, accordingly, the U.S. Agents will only sell Units on marketplaces in the United States and are not permitted to and will not, directly or indirectly, advertise or solicit offers to purchase any Units in Canada. The Canadian Agents may only sell Units on marketplaces in Canada. The volume and timing of distributions under the ATM Program, if any, will be determined in the Trust's sole discretion. The Trust intends to use the proceeds from the ATM Program, if any, to acquire physical platinum and palladium bullion in accordance with the Trust's objective and subject to the Trust's investment and operating restrictions. The offering under the ATM Program is being made pursuant to a prospectus supplement dated June 12, 2025 (the 'U.S. Prospectus Supplement') to the Trust's U.S. base prospectus (the 'U.S. Base Prospectus') included in its registration statement on Form F-10 (the 'Registration Statement') (File No. 333-287978) filed with the SEC on June 12, 2025, and pursuant to a prospectus supplement dated June 12, 2025 (the 'Prospectus Supplement') to the Trust's Canadian short form base shelf prospectus dated June 12, 2025 (the 'Base Shelf Prospectus' and together with the Prospectus Supplement, the U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement, the 'Offering Documents'). The U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement are available on EDGAR at the SEC's website at and the Prospectus Supplement and the Base Shelf Prospectus are available on the SEDAR+ website maintained by the Canadian Securities Administrators at Before you invest, you should read the Offering Documents and other documents that the Trust has filed for more complete information about the Trust, the Sales Agreement and the ATM Program. Listing of the Units sold pursuant to the ATM Program on the NYSE and the TSX has been approved by the NYSE and the TSX, as applicable, subject to all applicable listing requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction. About Sprott and Sprott Asset ManagementSprott Asset Management is a wholly-owned subsidiary of Sprott and is the investment manager to the Trust. Sprott is a global leader in precious metals and critical materials investments. At Sprott, we are specialists. Our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and Sprott's common shares are listed on the NYSE and the TSX under the symbol 'SII'. About the TrustImportant information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, is contained in the Trust's annual information form for the year ended December 31, 2024 (the 'AIF'). Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results. Caution Regarding Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of applicable United States securities laws and forward-looking information within the meaning of Canadian securities laws (collectively, 'forward-looking statements'). Forward-looking statements in this press release include, without limitation, investor demands for Units, statements regarding the ATM Program, including the intended use of proceeds from the sale of Units, any sale of Units and the timing and ability of the Trust to obtain all necessary approvals in connection with a sale of Units. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things, the platinum and palladium market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Offering Documents, as updated by the Trust's continuous disclosure filings, which are available at and All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law. For more information: Glen WilliamsManaging DirectorInvestor and Institutional Client RelationsDirect: 416-943-4394gwilliams@
Cision Canada
10-06-2025
- Business
- Cision Canada
CT REAL ESTATE INVESTMENT TRUST ANNOUNCES RENEWAL OF BASE SHELF PROSPECTUS AND ATM PROGRAM
TORONTO, /CNW/ - CT Real Estate Investment Trust (TSX: ("CT REIT" or the "REIT") announced today that it has renewed its existing base shelf prospectus and filed and obtained a receipt for a short form base shelf prospectus (the "Shelf Prospectus"), which is valid until July 10, 2027. The REIT also announced today that it has renewed its at-the-market equity program (the "ATM Program") that allows the REIT to issue up to $100 million of REIT trust units ("Units") from treasury to the public from time to time, at the REIT's discretion. Any Units sold in the ATM Program will be sold through the Toronto Stock Exchange (the "TSX"), or any other marketplace on which the Units are listed, quoted or otherwise traded in Canada, at the prevailing market price at the time of sale. There is no certainty that any Units will be offered or sold under the ATM Program. The ATM Program will be effective until the earlier of (i) the issuance and sale of an aggregate of $100 million of Units reserved under the ATM Program, (ii) the receipt for the Shelf Prospectus ceasing to be effective in accordance with applicable securities laws (which is expected to occur on July 10, 2027), and (iii) the termination of the Distribution Agreement (as defined below) in accordance with its terms. The REIT intends to use the net proceeds from the ATM Program, if any, to repay indebtedness, for working capital, for acquisitions and development activity and for general business purposes. As Units distributed under the ATM Program will be issued and sold at the prevailing market price at the time of the sale, prices may vary among purchasers during the period of the distribution. Distributions of the Units under the ATM Program (if any) will be led by CIBC Capital Markets and BMO Capital Markets pursuant to the terms of an equity distribution agreement dated June 10, 2025 (the "Distribution Agreement"). The volume and timing of any distributions of Units under the ATM Program will be determined in the REIT's sole discretion. Sales of Units under the ATM Program, if any, will be made through "at-the-market distributions" as defined in National Instrument 44-102 Shelf Distributions. The TSX has conditionally approved the listing of the Units that may be sold under the ATM Program. The offering of Units under the ATM Program will be made pursuant to a prospectus supplement dated June 10, 2025 (the "Prospectus Supplement") to the REIT's Shelf Prospectus. The Prospectus Supplement, the Shelf Prospectus and the Distribution Agreement were filed with the securities commissions in each of the provinces and territories of Canada and are available on the REIT's SEDAR+ profile at These documents may be requested by contacting BMO Nesbitt Burns Inc. by mail at Brampton Distribution Centre, 9195 Torbram Road, Brampton, Ontario, L6S 6H2, Attn: The Data Group of Companies, by email at [email protected] or by telephone at 905-791-3151 ext. 4312, or by contacting CIBC Capital Markets, 161 Bay Street, 5th Floor, Toronto, ON M5J 2S8 or by telephone at 416-956-6378 or by email at [email protected] by providing an email address or address, as applicable. No securities regulatory authority has either approved or disapproved of the contents of this news release. The Units have not been registered under the United States Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws. Accordingly, the Units may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities of the REIT, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. About CT Real Estate Investment Trust CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 375 properties totalling more than 31 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT's most significant tenant. For more information, visit Forward-Looking Statements This press release contains statements and other information that constitute "forward-looking information" or "forward-looking statements" under applicable securities legislation (collectively, "forward-looking statements") that reflect CT REIT's current expectations relating to future events, including but not limited to statements with respect to the distribution of Units, if any, under the ATM Program and the benefits associated therewith and the use of proceeds, if any, of the ATM Program. By its very nature, forward-looking information requires the use of estimates and assumptions and is subject to inherent risks and uncertainties. It is possible that CT REIT's assumptions, estimates, analyses, beliefs, and opinions are not correct, and that CT REIT's expectations and plans will not be achieved. For more information on the risks, uncertainties, factors and assumptions that could cause CT REIT's actual results to differ from current expectations, refer to the factors discussed under "Risk Factors" in CT REIT's Shelf Prospectus and Prospectus Supplement, each as amended or supplemented, and the documents incorporated by reference therein, all of which are available at and at CT REIT does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by it or on its behalf, to reflect new information, future events or otherwise, except as required by applicable securities laws.
Yahoo
10-06-2025
- Business
- Yahoo
CT REAL ESTATE INVESTMENT TRUST ANNOUNCES RENEWAL OF BASE SHELF PROSPECTUS AND ATM PROGRAM
TORONTO, June 10, 2025 /CNW/ - CT Real Estate Investment Trust (TSX: ("CT REIT" or the "REIT") announced today that it has renewed its existing base shelf prospectus and filed and obtained a receipt for a short form base shelf prospectus (the "Shelf Prospectus"), which is valid until July 10, 2027. The REIT also announced today that it has renewed its at-the-market equity program (the "ATM Program") that allows the REIT to issue up to $100 million of REIT trust units ("Units") from treasury to the public from time to time, at the REIT's discretion. Any Units sold in the ATM Program will be sold through the Toronto Stock Exchange (the "TSX"), or any other marketplace on which the Units are listed, quoted or otherwise traded in Canada, at the prevailing market price at the time of sale. There is no certainty that any Units will be offered or sold under the ATM Program. The ATM Program will be effective until the earlier of (i) the issuance and sale of an aggregate of $100 million of Units reserved under the ATM Program, (ii) the receipt for the Shelf Prospectus ceasing to be effective in accordance with applicable securities laws (which is expected to occur on July 10, 2027), and (iii) the termination of the Distribution Agreement (as defined below) in accordance with its terms. The REIT intends to use the net proceeds from the ATM Program, if any, to repay indebtedness, for working capital, for acquisitions and development activity and for general business purposes. As Units distributed under the ATM Program will be issued and sold at the prevailing market price at the time of the sale, prices may vary among purchasers during the period of the distribution. Distributions of the Units under the ATM Program (if any) will be led by CIBC Capital Markets and BMO Capital Markets pursuant to the terms of an equity distribution agreement dated June 10, 2025 (the "Distribution Agreement"). The volume and timing of any distributions of Units under the ATM Program will be determined in the REIT's sole discretion. Sales of Units under the ATM Program, if any, will be made through "at-the-market distributions" as defined in National Instrument 44-102 Shelf Distributions. The TSX has conditionally approved the listing of the Units that may be sold under the ATM Program. The offering of Units under the ATM Program will be made pursuant to a prospectus supplement dated June 10, 2025 (the "Prospectus Supplement") to the REIT's Shelf Prospectus. The Prospectus Supplement, the Shelf Prospectus and the Distribution Agreement were filed with the securities commissions in each of the provinces and territories of Canada and are available on the REIT's SEDAR+ profile at These documents may be requested by contacting BMO Nesbitt Burns Inc. by mail at Brampton Distribution Centre, 9195 Torbram Road, Brampton, Ontario, L6S 6H2, Attn: The Data Group of Companies, by email at torbramwarehouse@ or by telephone at 905-791-3151 ext. 4312, or by contacting CIBC Capital Markets, 161 Bay Street, 5th Floor, Toronto, ON M5J 2S8 or by telephone at 416-956-6378 or by email at by providing an email address or address, as applicable. No securities regulatory authority has either approved or disapproved of the contents of this news release. The Units have not been registered under the United States Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws. Accordingly, the Units may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities of the REIT, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. About CT Real Estate Investment Trust CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 375 properties totalling more than 31 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT's most significant tenant. For more information, visit Forward-Looking Statements This press release contains statements and other information that constitute "forward-looking information" or "forward-looking statements" under applicable securities legislation (collectively, "forward-looking statements") that reflect CT REIT's current expectations relating to future events, including but not limited to statements with respect to the distribution of Units, if any, under the ATM Program and the benefits associated therewith and the use of proceeds, if any, of the ATM Program. By its very nature, forward-looking information requires the use of estimates and assumptions and is subject to inherent risks and uncertainties. It is possible that CT REIT's assumptions, estimates, analyses, beliefs, and opinions are not correct, and that CT REIT's expectations and plans will not be achieved. For more information on the risks, uncertainties, factors and assumptions that could cause CT REIT's actual results to differ from current expectations, refer to the factors discussed under "Risk Factors" in CT REIT's Shelf Prospectus and Prospectus Supplement, each as amended or supplemented, and the documents incorporated by reference therein, all of which are available at and at CT REIT does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by it or on its behalf, to reflect new information, future events or otherwise, except as required by applicable securities laws. SOURCE CT Real Estate Investment Trust View original content:
