The newsboard processes news from the NASDAQ Nordic portfolio company GlobeNewswire, which provides investors with company-relevant information. This relates in particular to events that may be relevant to the listing of companies or tradable financial instruments.
GlobNewswire (formerly PrimeNewswire) specializes in public relations solutions and digital media services. This feed adds another important source of information for investors to the popular X-Billboard portfolio.
TORONTO, May 06, 2024 (GLOBE NEWSWIRE) -- Infrastructure Dividend Split Corp. (“Infrastructure Split”) (TSX: IS) is pleased to announce the successful completion of the previously announced merger of International Clean Power Dividend Fund (“CLP”) (TSX: CLP.UN), with Infrastructure Split being the continuing fund. Each CLP unit has been automatically exchanged into 0.46707742 Class A Shares of Infrastructure Split. This exchange ratio was based on the net asset value per unit of CLP as of the close of business on May 3, 2024, divided by $15.00. Approximately 5,212,245 Class A shares of Infrastructure Split were issued in connection with the merger. CLP Units will be delisted from the TSX at the end of business on May 7th. Class A Shares of Infrastructure Split will begin trading on the TSX at the opening of business on May 8th under the symbol IS. Unitholders of CLP do not need to take any actions to receive their Class A Shares of Infrastructure Split.
TORONTO, May 01, 2024 (GLOBE NEWSWIRE) -- International Clean Power Dividend Fund (“CLP”) (TSX: CLP.UN) is pleased to announce that a special meeting of unitholders of CLP was held today at which unitholders voted in favour of a resolution approving the previously announced merger (the “Merger”) of CLP into Infrastructure Dividend Split Corp. (“Infrastructure Split”), a newly formed split share corporation. The Merger is expected to be completed on May 4, 2024.
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