Extension of Share Term Announced by Sustainable Power & Infrastructure Split Corp.
TORONTO - Sustainable Power & Infrastructure Split Corp. (TSX: PWI, PWI.PR.A) is excited to share that their board of directors has approved an extension of the maturity date for both Class A shares and Preferred shares. The previous maturity date of May 29, 2026, will now be extended by approximately five years, setting the new date at May 29, 2031. This means Class A shareholders can enjoy an investment period filled with attractive opportunities and a distribution rate of 10.2% based on the latest closing price.
Investment Benefits for Shareholders
With this maturity extension, the fund provides Class A and Preferred shareholders with significant advantages. Notably, the Preferred Share dividend rate will be revealed at least 60 days before the extended maturity date, guided by market yields for similar preferred shares. This extension also allows shareholders to postpone potential capital gains taxes on their investments until they choose to sell their shares.
Performance Highlights Since Inception
Since its inception on May 21, 2021, the Class A shares have demonstrated impressive returns, achieving a 14.0% annual return as of July 31, 2025. This performance surpasses the S&P Global Infrastructure Total Return Index and MSCI World Total Return Index by 4.3% and 3.8% respectively. Investors in Class A shares have seen cash distributions amounting to $3.45 per share, with the added option to reinvest these distributions commission-free.
Preferred Shareholder Opportunities
This extended term presents Preferred shareholders with the chance to benefit from preferential cash dividends until the new maturity date. Since the inception of the fund, Preferred shares have generated a stable 5.1% annual return as of the same date, bolstered by 51% asset coverage, ensuring a robust safety net for investors.
Focus on Sustainable and Growing Infrastructure
Brompton Funds Limited, the investment manager of the Fund, is optimistic about the growing infrastructure sector, driven by advancements in artificial intelligence, increased government spending in public infrastructure, electrification projects, and the reshoring of manufacturing back to local markets. This presents numerous investment opportunities.
Portfolio Composition
The Fund boasts a globally diversified, actively managed portfolio comprising mainly dividend-paying securities from companies in the power and infrastructure domains. The objective is to support sustainable development and transition towards a greener economy. Within the portfolio, investments range across renewable power sources such as wind and solar energy, green transportation technologies, and advancements in energy efficiency and communication fields like 5G technology.
About Brompton Funds Limited
Brompton, established in 2000, is recognized as a seasoned investment fund manager providing a variety of income and growth-focused investment products. Investors seeking more information can reach out to their advisors, call Brompton's investor relations team at 416-642-6000 (or toll-free at 1-866-642-6001), or email at info@bromptongroup.com.
Frequently Asked Questions
1. What is the new maturity date for the shares?
The new maturity date for the Class A shares and Preferred shares is May 29, 2031.
2. What is the distribution rate for Class A shares?
The distribution rate for Class A shares is 10.2%, based on the latest closing price.
3. How has the Class A share performed since inception?
Since inception on May 21, 2021, the Class A shares have delivered a 14.0% annual return.
4. What options do shareholders have for their cash distributions?
Class A shareholders can reinvest their cash distributions commission-free through a dividend reinvestment plan.
5. Who manages the Sustainable Power & Infrastructure Split Corp.?
The Fund is managed by Brompton Funds Limited, which specializes in income and growth-focused investment solutions.
