An anonymous director reports

POWER & INFRASTRUCTURE SPLIT CORP. COMPLETES OVERNIGHT OFFERING

Power & Infrastructure Split Corp. has completed a treasury offering of Class A shares and preferred shares for gross proceeds of approximately $41.8-million. The Class A shares and preferred shares will trade on the Toronto Stock Exchange under the existing symbols PWI (Class A shares) and PWI.PR.A (preferred shares).

The Class A shares were offered at a price of $13.60 per Class A share for a distribution rate of 8.8 per cent on the issue price, and the preferred shares were offered at a price of $10.40 per preferred share to yield 6.2 per cent.

The syndicate of agents for the offering was led by RBC Capital Markets, CIBC Capital Markets, National Bank Financial Inc. and Scotiabank and included Hampton Securities Ltd., Canaccord Genuity Corp., BMO Capital Markets, Raymond James Ltd., TD Securities Inc., iA Private Wealth Inc., CI Investment Services Inc., Manulife Wealth Inc., Research Capital Corp., Ventum Financial Corp. and Wellington-Altus Private Wealth Inc.

The fund invests in a globally diversified and actively managed portfolio consisting primarily of dividend-paying securities of power and infrastructure companies selected by Brompton Funds Ltd.

We seek Safe Harbor.