{"success":true,"data":{"pressRelease":{"id":"3699","rtpr_id":"nGNXQnhGq","ticker":"NPS","exchange":"TSX","all_tickers":["NPS"],"title":"Canadian Large Cap Leaders Split Corp. Announces Overnight Offering of Preferred Shares and Class A Shares","author":"Globe Newswire","published_at":"2026-04-21T20:42:48.106Z","article_body":"[Not for distribution to U.S. newswire services or for dissemination in the\nUnited States.]\n\nTORONTO, April 21, 2026 (GLOBE NEWSWIRE) -- Canadian Large Cap Leaders Split\nCorp. (the “Company”) is pleased to announce its intention to undertake an\noffering of Preferred Shares and Class A Shares of the Company (the\n“Offering”). The Offering will be led by National Bank Financial Inc.\n\nThe Preferred Shares will be offered at a price of $10.55 per Preferred Share\nand the Class A Shares will be offered at a price of $15.55 per Class A Share.\nThe consolidated last trade price of each of the Preferred Shares and the\nClass A Shares on April 21, 2026 was $10.70 and $15.75, respectively.\n\nThe sales period of the Offering will end at 8:30 a.m. EST on April 22, 2026.\nThe Offering is expected to close on or about April 29, 2026 and is subject to\ncertain closing conditions including approval by the TSX.\n\nThe net proceeds of the Offering will be used to invest, on an approximately\nequally-weighted basis, in a portfolio comprised primarily of equity\nsecurities of Canadian Dividend Growth Companies (as defined below), selected\nby the portfolio manager, that at the time of investment and immediately\nfollowing each periodic reconstitution and rebalancing: (i) are listed on a\nCanadian exchange; (ii) pay a dividend; (iii) generally have a market\ncapitalization of at least $10 billion; (iv) have options in respect of its\nequity securities that, in the opinion of the portfolio manager, are\nsufficiently liquid to permit the portfolio manager to write options in\nrespect of such securities; and (v) have a history of dividend growth or, in\nthe portfolio manager’s view have high potential for future dividend growth\n(“Canadian Dividend Growth Companies”).\n\nThe investment objectives of the Preferred Shares are to provide holders with\nfixed cumulative preferential quarterly cash distributions of $0.1875 per\nPreferred Share, representing 7.5% per annum on the original issue price of\n$10.00 per Preferred Share, until February 28, 2029, subject to extension for\nsuccessive terms of up to five years as determined by the Company’s board of\ndirectors (the “Maturity Date”), and return the original issue price to\nholders on the Maturity Date.\n\nThe investment objectives of the Class A Shares are to provide holders with\nregular monthly non-cumulative cash distributions targeted to be $0.18 per\nClass A share representing a yield on the issue price of the Class A Shares of\n13.9% per annum on the issue price of $15.55 per Class A Share, and the\nopportunity for growth in the net asset value per Class A Share.\n\nAbout Ninepoint Partners LP\n\nNinepoint Partners LP is the Manager, Portfolio Manager and Promoter of the\nCompany and provides all administrative services required by the Company.\nBased in Toronto, Ninepoint Partners LP is one of Canada’s leading\nalternative investment management firms overseeing approximately $8.2 billion\nin assets under management and institutional contracts. Committed to helping\ninvestors explore innovative investment solutions that have the potential to\nenhance returns and manage portfolio risk, Ninepoint offers a diverse set of\nalternative strategies spanning Equities, Fixed Income, Alternative Income,\nReal Assets, F/X and Digital Assets.\n\nFor more information on Ninepoint Partners LP, please\nvisit www.ninepoint.com or please contact us at 416.362.7172, or\n1.888.362.7172 or invest@ninepoint.com.\n\nA prospectus supplement to the Company’s short form base shelf prospectus\ndated May 6, 2024 containing important detailed information about the\nPreferred Shares and the Class A Shares being offered will be filed with the\nsecurities commissions or similar authorities in all provinces and territories\nof Canada. Copies of the prospectus supplement and the short form base shelf\nprospectus may be obtained from your registered financial advisor using the\ncontact information for such advisor, or from representatives of the agents\nlisted above. There will not be any sale or any acceptance of an offer to buy\nthe securities being offered until the prospectus supplement has been filed\nwith the securities commissions or similar authorities in each of the\nprovinces and territories of Canada.\n\nYou will usually pay brokerage fees to your dealer if you purchase or sell\nshares of investment funds on the TSX or another alternative Canadian trading\nsystem (an “exchange”). If shares are purchased or sold on an exchange,\ninvestors may pay more than the current net asset value when buying shares of\nthe investment fund and may receive less than the current net asset value when\nselling them.\n\nThere are ongoing fees and expenses associated with owning shares of an\ninvestment fund. An investment fund must prepare disclosure documents that\ncontain key information about the fund. You can find more detailed information\nabout the Company in the public filings available at www.sedarplus.ca.\nInvestment funds are not guaranteed, their values change frequently and past\nperformance may not be repeated.\n\nCertain statements contained in this document constitute forward-looking\ninformation within the meaning of Canadian securities laws. Forward-looking\ninformation may relate to matters disclosed in this document and to other\nmatters identified in public filings relating to the Company, to the future\noutlook of the Company and anticipated events or results and may include\nstatements regarding the future financial performance of the Company. In some\ncases, forward-looking information can be identified by terms such as\n“may”, “will”, “should”, “expect”, “plan”,\n“anticipate”, “believe”, “intend”, “estimate”, “predict”,\n“potential”, “continue” or other similar expressions concerning\nmatters that are not historical facts. Actual results may vary from such\nforward-looking information. Investors should not place undue reliance on\nforward-looking statements. These forward-looking statements are made as of\nthe date hereof and we assume no obligation to update or revise them to\nreflect new events or circumstances.\n\nThe securities have not been registered under the U.S. Securities Act of 1933,\nas amended, and may not be offered or sold in the United States absent\nregistration or any applicable exemption from the registration requirements.\nThis news release does not constitute an offer to sell or the solicitation of\nan offer to buy securities nor will there be any sale of such securities in\nany state in which such offer, solicitation or sale would be unlawful.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/194d379e-9a9a-493a-9627-b29a99fe1327)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXQnhGq","title":"Canadian Large Cap Leaders Split Corp. Announces Overnight Offering of Preferred Shares and Class A Shares","author":"Globe Newswire","ticker":"NPS","created":"2026-04-21T20:42:48.106Z","tickers":["NPS"],"exchange":"TSX","article_body":"[Not for distribution to U.S. newswire services or for dissemination in the\nUnited States.]\n\nTORONTO, April 21, 2026 (GLOBE NEWSWIRE) -- Canadian Large Cap Leaders Split\nCorp. (the “Company”) is pleased to announce its intention to undertake an\noffering of Preferred Shares and Class A Shares of the Company (the\n“Offering”). The Offering will be led by National Bank Financial Inc.\n\nThe Preferred Shares will be offered at a price of $10.55 per Preferred Share\nand the Class A Shares will be offered at a price of $15.55 per Class A Share.\nThe consolidated last trade price of each of the Preferred Shares and the\nClass A Shares on April 21, 2026 was $10.70 and $15.75, respectively.\n\nThe sales period of the Offering will end at 8:30 a.m. EST on April 22, 2026.\nThe Offering is expected to close on or about April 29, 2026 and is subject to\ncertain closing conditions including approval by the TSX.\n\nThe net proceeds of the Offering will be used to invest, on an approximately\nequally-weighted basis, in a portfolio comprised primarily of equity\nsecurities of Canadian Dividend Growth Companies (as defined below), selected\nby the portfolio manager, that at the time of investment and immediately\nfollowing each periodic reconstitution and rebalancing: (i) are listed on a\nCanadian exchange; (ii) pay a dividend; (iii) generally have a market\ncapitalization of at least $10 billion; (iv) have options in respect of its\nequity securities that, in the opinion of the portfolio manager, are\nsufficiently liquid to permit the portfolio manager to write options in\nrespect of such securities; and (v) have a history of dividend growth or, in\nthe portfolio manager’s view have high potential for future dividend growth\n(“Canadian Dividend Growth Companies”).\n\nThe investment objectives of the Preferred Shares are to provide holders with\nfixed cumulative preferential quarterly cash distributions of $0.1875 per\nPreferred Share, representing 7.5% per annum on the original issue price of\n$10.00 per Preferred Share, until February 28, 2029, subject to extension for\nsuccessive terms of up to five years as determined by the Company’s board of\ndirectors (the “Maturity Date”), and return the original issue price to\nholders on the Maturity Date.\n\nThe investment objectives of the Class A Shares are to provide holders with\nregular monthly non-cumulative cash distributions targeted to be $0.18 per\nClass A share representing a yield on the issue price of the Class A Shares of\n13.9% per annum on the issue price of $15.55 per Class A Share, and the\nopportunity for growth in the net asset value per Class A Share.\n\nAbout Ninepoint Partners LP\n\nNinepoint Partners LP is the Manager, Portfolio Manager and Promoter of the\nCompany and provides all administrative services required by the Company.\nBased in Toronto, Ninepoint Partners LP is one of Canada’s leading\nalternative investment management firms overseeing approximately $8.2 billion\nin assets under management and institutional contracts. Committed to helping\ninvestors explore innovative investment solutions that have the potential to\nenhance returns and manage portfolio risk, Ninepoint offers a diverse set of\nalternative strategies spanning Equities, Fixed Income, Alternative Income,\nReal Assets, F/X and Digital Assets.\n\nFor more information on Ninepoint Partners LP, please\nvisit www.ninepoint.com or please contact us at 416.362.7172, or\n1.888.362.7172 or invest@ninepoint.com.\n\nA prospectus supplement to the Company’s short form base shelf prospectus\ndated May 6, 2024 containing important detailed information about the\nPreferred Shares and the Class A Shares being offered will be filed with the\nsecurities commissions or similar authorities in all provinces and territories\nof Canada. Copies of the prospectus supplement and the short form base shelf\nprospectus may be obtained from your registered financial advisor using the\ncontact information for such advisor, or from representatives of the agents\nlisted above. There will not be any sale or any acceptance of an offer to buy\nthe securities being offered until the prospectus supplement has been filed\nwith the securities commissions or similar authorities in each of the\nprovinces and territories of Canada.\n\nYou will usually pay brokerage fees to your dealer if you purchase or sell\nshares of investment funds on the TSX or another alternative Canadian trading\nsystem (an “exchange”). If shares are purchased or sold on an exchange,\ninvestors may pay more than the current net asset value when buying shares of\nthe investment fund and may receive less than the current net asset value when\nselling them.\n\nThere are ongoing fees and expenses associated with owning shares of an\ninvestment fund. An investment fund must prepare disclosure documents that\ncontain key information about the fund. You can find more detailed information\nabout the Company in the public filings available at www.sedarplus.ca.\nInvestment funds are not guaranteed, their values change frequently and past\nperformance may not be repeated.\n\nCertain statements contained in this document constitute forward-looking\ninformation within the meaning of Canadian securities laws. Forward-looking\ninformation may relate to matters disclosed in this document and to other\nmatters identified in public filings relating to the Company, to the future\noutlook of the Company and anticipated events or results and may include\nstatements regarding the future financial performance of the Company. In some\ncases, forward-looking information can be identified by terms such as\n“may”, “will”, “should”, “expect”, “plan”,\n“anticipate”, “believe”, “intend”, “estimate”, “predict”,\n“potential”, “continue” or other similar expressions concerning\nmatters that are not historical facts. Actual results may vary from such\nforward-looking information. Investors should not place undue reliance on\nforward-looking statements. These forward-looking statements are made as of\nthe date hereof and we assume no obligation to update or revise them to\nreflect new events or circumstances.\n\nThe securities have not been registered under the U.S. Securities Act of 1933,\nas amended, and may not be offered or sold in the United States absent\nregistration or any applicable exemption from the registration requirements.\nThis news release does not constitute an offer to sell or the solicitation of\nan offer to buy securities nor will there be any sale of such securities in\nany state in which such offer, solicitation or sale would be unlawful.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/194d379e-9a9a-493a-9627-b29a99fe1327)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-04-21T20:42:48.14776011Z","server_sent_at_ms":1776804168147},"received_at":"2026-04-21T20:42:48.201Z","source_url":null},"analysis":{"id":"2536","press_release_id":"3699","analysis_json":{"industry":{"label":"Financial Services","sector":"Financials"},"redFlags":[],"eventType":"offering","narrative":"Canadian Large Cap Leaders Split Corp. announced an overnight offering of Preferred Shares at $10.55 and Class A Shares at $15.55.\n\nThe pricing represents a minor discount to the prior closing prices of $10.70 and $15.75, with proceeds allocated to invest in a portfolio of large-cap Canadian dividend growth companies.\n\nThe Preferred Shares aim to provide a 7.5% yield, while the Class A Shares target a 13.9% yield; Ninepoint Partners LP oversees the fund.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":""},"keyFigures":{"offeringPrice":"$10.55 (Preferred) / $15.55 (Class A)","customDimensions":{"manager_aum":"$8.2 billion","class_a_yield":"13.9%","preferred_yield":"7.5%"}},"quotedText":"","namedEntities":{"people":[],"products":["Preferred Shares","Class A Shares","Canadian Dividend Growth Companies"],"companies":[{"name":"Canadian Large Cap Leaders Split Corp.","ticker":"NPS"},{"name":"National Bank Financial Inc.","relationship":"underwriter"},{"name":"Ninepoint Partners LP","relationship":"portfolio manager"}],"dollarAmounts":[{"amount":"$10.55","context":"Preferred Share offering price"},{"amount":"$15.55","context":"Class A Share offering price"},{"amount":"$10.70","context":"Preferred Share last trade price"},{"amount":"$15.75","context":"Class A Share last trade price"},{"amount":"$8.2 billion","context":"Ninepoint Partners assets under management"}]},"materialImpact":{"score":2,"reasoning":"Routine overnight offering of split corporation shares at prices consistent with market value; proceeds are used for standard portfolio investment rather than distressed financing or M&A."},"tickerRelevance":{"others":[],"primary":"NPS"},"eventTypeSecondary":[]},"event_type":"offering","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Canadian Large Cap Leaders Split Corp. announced an overnight offering of Preferred Shares at $10.55 and Class A Shares at $15.55.\n\nThe pricing represents a minor discount to the prior closing prices of $10.70 and $15.75, with proceeds allocated to invest in a portfolio of large-cap Canadian dividend growth companies.\n\nThe Preferred Shares aim to provide a 7.5% yield, while the Class A Shares target a 13.9% yield; Ninepoint Partners LP oversees the fund.","key_figures":{"offeringPrice":"$10.55 (Preferred) / $15.55 (Class A)","customDimensions":{"manager_aum":"$8.2 billion","class_a_yield":"13.9%","preferred_yield":"7.5%"}},"named_entities":{"people":[],"products":["Preferred Shares","Class A Shares","Canadian Dividend Growth Companies"],"companies":[{"name":"Canadian Large Cap Leaders Split Corp.","ticker":"NPS"},{"name":"National Bank Financial Inc.","relationship":"underwriter"},{"name":"Ninepoint Partners LP","relationship":"portfolio manager"}],"dollarAmounts":[{"amount":"$10.55","context":"Preferred Share offering price"},{"amount":"$15.55","context":"Class A Share offering price"},{"amount":"$10.70","context":"Preferred Share last trade price"},{"amount":"$15.75","context":"Class A Share last trade price"},{"amount":"$8.2 billion","context":"Ninepoint Partners assets under management"}]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-22T01:44:54.415Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:53.759Z"}},"durationMs":115641,"modelName":"glm-4.7"}}