{"success":true,"data":{"pressRelease":{"id":"4986","rtpr_id":"nGNX7CnBWR","ticker":"NPS","exchange":"TSX","all_tickers":["NPS"],"title":"Canadian Large Cap Leaders Split Corp. Announces Successful Overnight Offering of Preferred Shares and Class A Shares","author":"Globe Newswire","published_at":"2026-04-22T13:44:56.065Z","article_body":"[Not for distribution to U.S. newswire services or for dissemination in the\nUnited States.]\n\nTORONTO, April 22, 2026 (GLOBE NEWSWIRE) -- (TSX: NPS.PR.A, NPS) – Canadian\nLarge Cap Leaders Split Corp. (the “Company”) is pleased to announce that\nit has completed the overnight marketing of 1,314,383 Preferred Shares and\n1,140,800 Class A Shares of the Company for total gross proceeds of\n$31,606,181 (the “Offering”). The Offering is being led by National Bank\nFinancial Inc. The sale period of this overnight offering has now ended.\n\nThe Offering is expected to close on or about April 29, 2026 and is subject to\ncertain closing conditions including approval by the Toronto Stock Exchange\n(the “TSX”).\n\nThe Preferred Shares are being offered at a price of $10.55 per Preferred\nShare and the Class A Shares are being offered at a price of $15.55 per Class\nA Share. The consolidated last trade price of each of the Preferred Shares and\nthe Class A Shares on April 21, 2026 was $10.70 and $15.75, respectively.\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 visit www.ninepoint.com\nor please contact us at 416.362.7172, or 1.888.362.7172 or\ninvest@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\nwww.sedarplus.ca. Investment funds are not guaranteed, their values change\nfrequently and past performance 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":"nGNX7CnBWR","title":"Canadian Large Cap Leaders Split Corp. Announces Successful Overnight Offering of Preferred Shares and Class A Shares","author":"Globe Newswire","ticker":"NPS","created":"2026-04-22T13:44:56.065Z","tickers":["NPS"],"exchange":"TSX","article_body":"[Not for distribution to U.S. newswire services or for dissemination in the\nUnited States.]\n\nTORONTO, April 22, 2026 (GLOBE NEWSWIRE) -- (TSX: NPS.PR.A, NPS) – Canadian\nLarge Cap Leaders Split Corp. (the “Company”) is pleased to announce that\nit has completed the overnight marketing of 1,314,383 Preferred Shares and\n1,140,800 Class A Shares of the Company for total gross proceeds of\n$31,606,181 (the “Offering”). The Offering is being led by National Bank\nFinancial Inc. The sale period of this overnight offering has now ended.\n\nThe Offering is expected to close on or about April 29, 2026 and is subject to\ncertain closing conditions including approval by the Toronto Stock Exchange\n(the “TSX”).\n\nThe Preferred Shares are being offered at a price of $10.55 per Preferred\nShare and the Class A Shares are being offered at a price of $15.55 per Class\nA Share. The consolidated last trade price of each of the Preferred Shares and\nthe Class A Shares on April 21, 2026 was $10.70 and $15.75, respectively.\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 visit www.ninepoint.com\nor please contact us at 416.362.7172, or 1.888.362.7172 or\ninvest@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\nwww.sedarplus.ca. Investment funds are not guaranteed, their values change\nfrequently and past performance 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":"2026-04-22T13:44:56.124464559Z","server_sent_at_ms":1776865496124},"received_at":"2026-04-22T13:44:56.216Z","source_url":null},"analysis":{"id":"3582","press_release_id":"4986","analysis_json":{"industry":{"label":"Financial Services","sector":"Financials"},"redFlags":[],"eventType":"offering","narrative":"Canadian Large Cap Leaders Split Corp. completed an overnight offering of Preferred and Class A shares for total gross proceeds of $31.6 million.\n\nThe Preferred Shares were priced at $10.55 and the Class A Shares at $15.55, reflecting discounts of approximately 1.4% and 1.3% to their respective prior closes of $10.70 and $15.75.\n\nNet proceeds will be used to invest in a portfolio of Canadian Dividend Growth Companies, with National Bank Financial acting as lead underwriter.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine capital raise at market price for NPS."},"keyFigures":{"customDimensions":{"total_proceeds":31606181,"class_a_prior_close":15.75,"preferred_prior_close":10.7,"class_a_offering_price":15.55,"class_a_shares_offered":1140800,"preferred_offering_price":10.55,"preferred_shares_offered":1314383,"class_a_targeted_yield_percent":13.9,"preferred_annual_yield_percent":7.5}},"namedEntities":{"people":[],"products":["Preferred Shares","Class A Shares"],"companies":[{"name":"Canadian Large Cap Leaders Split Corp.","ticker":"NPS"},{"name":"National Bank Financial Inc.","relationship":"underwriter"},{"name":"Ninepoint Partners LP","relationship":"manager"}],"dollarAmounts":[{"amount":"$31,606,181","context":"total gross proceeds"},{"amount":"$10.55","context":"Preferred Shares offering price"},{"amount":"$15.55","context":"Class A Shares offering price"},{"amount":"$10.70","context":"Preferred Shares last trade price"},{"amount":"$15.75","context":"Class A Shares last trade price"},{"amount":"$0.1875","context":"Preferred Shares quarterly cash distribution"},{"amount":"$0.18","context":"Class A Shares targeted monthly cash distribution"}]},"materialImpact":{"score":2,"reasoning":"Routine overnight offering to fund portfolio investments. Pricing was at a modest discount (~1.3-1.4%) to prior closes, which is within standard ranges for structured products and does not signal distress."},"tickerRelevance":{"others":[{"ticker":"NPS.PR.A","relevance":"mentioned"}],"primary":"NPS"},"eventTypeSecondary":["dilution"]},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"neutral","material_impact_score":2,"narrative":"Canadian Large Cap Leaders Split Corp. completed an overnight offering of Preferred and Class A shares for total gross proceeds of $31.6 million.\n\nThe Preferred Shares were priced at $10.55 and the Class A Shares at $15.55, reflecting discounts of approximately 1.4% and 1.3% to their respective prior closes of $10.70 and $15.75.\n\nNet proceeds will be used to invest in a portfolio of Canadian Dividend Growth Companies, with National Bank Financial acting as lead underwriter.","key_figures":{"customDimensions":{"total_proceeds":31606181,"class_a_prior_close":15.75,"preferred_prior_close":10.7,"class_a_offering_price":15.55,"class_a_shares_offered":1140800,"preferred_offering_price":10.55,"preferred_shares_offered":1314383,"class_a_targeted_yield_percent":13.9,"preferred_annual_yield_percent":7.5}},"named_entities":{"people":[],"products":["Preferred Shares","Class A Shares"],"companies":[{"name":"Canadian Large Cap Leaders Split Corp.","ticker":"NPS"},{"name":"National Bank Financial Inc.","relationship":"underwriter"},{"name":"Ninepoint Partners LP","relationship":"manager"}],"dollarAmounts":[{"amount":"$31,606,181","context":"total gross proceeds"},{"amount":"$10.55","context":"Preferred Shares offering price"},{"amount":"$15.55","context":"Class A Shares offering price"},{"amount":"$10.70","context":"Preferred Shares last trade price"},{"amount":"$15.75","context":"Class A Shares last trade price"},{"amount":"$0.1875","context":"Preferred Shares quarterly cash distribution"},{"amount":"$0.18","context":"Class A Shares targeted monthly cash distribution"}]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-22T18:23:32.546Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:54.259Z"}},"durationMs":69356,"modelName":"glm-4.7"}}