The Toronto Stock Exchange reports that Brompton Energy Split Corp.'s board of directors have approved an extension of the maturity date of the Class A shares and preferred shares of the fund for an additional one-year term to March 28, 2025. According to the TSX, shareholders of the Class A shares and preferred shares of the fund can elect to have their shares retracted for a cash amount equal to the following:

• For Class A shares: the greater of (i) the net asset value per unit (meaning a notional unit consisting of one Class A share and one preferred share) on the date of retraction minus the sum of $10 plus any accrued and unpaid distributions on the preferred shares, and (ii) nil;
• For preferred shares: the lesser of (i) $10 plus any accrued and unpaid distributions thereon, and (ii) the net asset value of the fund on that date divided by the total number of preferred shares then outstanding.

The election deadline is 5 p.m. Toronto time on Feb. 29, 2024. Trades on Feb. 28, 2024, will settle on Feb. 29, 2024, and trades from 9:30 a.m. Toronto time to 12 p.m. Toronto time on Feb. 29, 2024, will settle on the same day.

The TSX reports that the fund's Class A shares and preferred shares were issued in book-entry-only form. Therefore, CDS Clearing and Depository Services Inc. is the only registered holder of Class A shares and preferred shares. Shareholders should contact their broker, dealer, bank trust company or other nominee as soon as possible to confirm their deadline and for instructions on how to exercise the special retraction right, if they desire to do so. Shareholders who do not elect to exercise their special retraction right prior to the deadline set by their broker, dealer, bank, trust company or other nominee will retain their investment in the fund.

The TSX notes that in order to maintain the same number of Class A shares and preferred shares outstanding, the fund may redeem the Class A shares or preferred shares on a pro rata basis to the extent that more preferred shares than Class A shares or more Class A shares than preferred shares, as the case may be, are retracted under the special retraction right. The TSX will issue a further bulletin if the fund will redeem preferred shares or Class A shares, as the case may be.