Split Corp. in real estate and e-commerce announces an increase in distribution speed to class A.

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TORONTO, 17 August 2021 (GLOBE NEWSWIRE) – Middlefield Group on behalf of Real Estate & E-Commerce Split Corp. (TSX: RS) (the “Fund”) is pleased to announce an increase in the monthly distribution rate from $ 0.10 per share to $ 0.13 per share. The increase in distribution is supported by the ongoing recovery in the real estate sector, associated with the gradual economic recovery, as well as recent mergers and acquisitions activity.

Class A shares were issued at a price of $ 15 in November 2020, have a present value of $ 18.52 and are paid monthly at $ 0.80 *.
* as of 13 August 2021

Date of recording

payment date

Allocation to share of equity

August 31, 2021

September 15, 2021

$0.13

Real Estate & E-Commerce Split Corp. consists of a high quality portfolio of leading North American real estate companies. The fund is currently focused on e-commerce REITs (industrial REITs and data centers) and cyclical REITs (retail, offices, apartment buildings, healthcare).

Equity shares are listed on the Toronto Stock Exchange under the symbol RS.

Middlefield Group

Middlefield Group was founded in 1979 and is a specialized investment manager that creates investment products designed to balance risk and return to meet the stringent requirements of financial advisors and their clients. These financial products include ETFs, mutual funds, private and public resource funds, split-share corporations, venture capital assets, TSX publicly traded funds, and real estate investment funds and partnerships.

For more information visit our website at www.middlefield.com or contact Nancy Tam in our Sales and Marketing department at 1.888.890.1868.

This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information on distributions and dividends paid on securities of issuers historically included in the Fund’s portfolio. Actual future results, including the amount of distributions paid by the Fund, may differ from the amount of the monthly distribution. In particular, the income from which distributions are paid can differ significantly due to: changes in the composition of the portfolio; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; no guarantees that these issuers will pay payments or dividends on their securities; the announcement of distributions and dividends by issuers of securities included in the portfolio will generally depend on various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of capital gains. Risks, uncertainties and other factors that may affect actual results are described in the “Risk Factors” section of the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulators. The forward-looking information contained in this press release represents the Fund’s current assessment as of the date of this press release in relation to the issues raised therein. Investors and others should not assume that any forward-looking statement contained in this press release constitutes an estimate of the Fund as of any date other than the date of this press release.

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