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, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Real Estate Split Corp. (“Real Estate Split”) (TSX: RS, TSX: RS.PR.A) is pleased to announce the successful completion of the previously announced merger with Middlefield Global Real Asset Fund (“Real Asset”) (TSX: RA.UN), resulting in Real Estate Split being the continuing fund. Each Real Asset unit has been automatically exchanged into 0.36409573 units of Real Estate Split (each Unit comprised of one Preferred Share and one Class A Share of Real Estate Split Corp.). This exchange ratio was based on the net asset value per unit of Real Asset as of the close of business on December 5, 2024, divided by the net asset value per Unit of Real Estate Split Corp. Approximately 1,054,761 Preferred Shares and 1,054,761 Class A shares of Real Estate Split were issued in connection with the merger. Real Asset units were delisted from the TSX at the end of business on December 5th. Unitholders of Real Asset do not need to take any actions to receive their Preferred Shares and Class A Shares of Real Estate Split.
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