Mulvihill Capital Management Inc. Announces Approval of Proposed Merger of S Split Corp. and Top 10 Split Trust into Premium Global Income Split Corp.
August 30 2024 - 1:59PM
(TSX: SBN, SBN.PR.A, TXT.UN, TXT.PR.A PGIC and
PGIC.PR.A) Mulvihill Capital Management Inc. (the
“
Manager”), the manager of S Split Corp.
(“
SBN”) and Top 10 Split Trust
(“
TXT”) is pleased to announce that holders of
Class A Shares and Preferred Shares of SBN and holders Capital
Units and Preferred Securities of TXT have approved a proposal to
merge both SBN and TXT into Premium Global Income Split Corp.
(“
Premium Global”), all as more particularly
described in the joint management information circular dated July
24, 2024 (the “
Circular”), at a special meeting of
the securityholders held earlier today.
The merger of TXT into Premium Global is
expected to become effective on or about September 9, 2024 and the
merger of SBN into Premium Global is expected to become effective
on or about September 13, 2024.
Under the mergers, (a) holders of Class A Shares
of SBN will become holders of Class A Shares of Premium Global, (b)
holders of Preferred Shares of SBN will become holders of Class A
Shares and a lesser number of Preferred Shares of Premium Global,
(c) holders of Capital Units of TXT will become holders of Class A
Shares of Premium Global, and (d) holders of Preferred Securities
of TXT will become holders of Class A Shares and a lesser number of
Preferred Shares of Premium Global. The number of shares of Premium
Global to be issued to SBN and TXT securityholders will be
announced once the exchange ratios have been determined, prior to
implementation of the mergers.
For further information, please contact Investor
Relations at 416.681.3966, toll free at 1-800-725-7172 or visit
www.mulvihill.com.
John Germain, Senior Vice-President & CFO |
|
Mulvihill Capital
Management Inc.121 King Street
West Suite 2600Toronto, Ontario, M5H 3T9 416.681.3966;
1.800.725.7172www.mulvihill.com info@mulvihill.com |
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