Infrastructure Dividend Split Corp. Establishes ATM Equity Program for Up to $150 Million

Infrastructure Dividend Split Corp. has established an at-the-market equity program to sell Class A and Preferred Shares to the public through the Toronto Stock Exchange. The program allows the company to issue shares at the prevailing market price at the time of sale, with a maximum gross proceeds of $75,000,000 for each share type. The proceeds will be used in accordance with the investment objectives and strategies of the company. Middlefield Limited provides investment management advice to the company.

Infrastructure Dividend Split Corp. (IDSC) has announced the establishment of an at-the-market equity program to sell Class A and Preferred Shares to the public through the Toronto Stock Exchange. The program allows IDSC to issue shares at the prevailing market price at the time of sale, with a maximum gross proceeds of $75,000,000 for each share type. The proceeds will be used in accordance with the investment objectives and strategies of the company. Middlefield Limited provides investment management advice to IDSC.

The at-the-market equity program is designed to provide IDSC with flexibility in raising capital and to provide investors with an opportunity to purchase shares directly from the company. The program will enable IDSC to issue shares over a period of time, allowing for a more controlled and predictable cash flow.

IDSC's Class A shares have been delivering strong returns over the past five years, with a 19.6% per annum return, outperforming the MSCI World High Dividend Yield Total Return Index and the MSCI World Total Return Index by 9.9% per annum and 5.3% per annum, respectively [1]. The Preferred Shares have also shown robust performance, with a 5.1% per annum return over the same period. The extension of the maturity date of the Class A and Preferred Shares to June 27, 2031, provides shareholders with an attractive distribution rate of 10.7% based on the August 11, 2025 closing price, and the opportunity for capital appreciation [1].

The at-the-market equity program is a significant development for IDSC, as it allows the company to access the public markets to raise capital for its infrastructure projects. The program also provides investors with a unique opportunity to invest in a company with a proven track record of delivering strong returns.

References:
[1] https://finance.yahoo.com/news/global-dividend-growth-split-corp-221000240.html
[2] https://finance.yahoo.com/quote/RS-PA.TO/
[3] https://seekingalpha.com/news/4483513-middlefield-banc-declares-0_21-dividend