Real Estate Split Corp. Renews At-The-Market Equity Program

Real Estate Split Corp. (TSX: RS, RS.PR.A) has renewed its at-the-market equity program (ATM Program), allowing the Company to issue Class A and Preferred Shares to the public from time to time, at the Company’s discretion. This program enables Real Estate Split Corp. to sell shares on the Toronto Stock Exchange or any other marketplace in Canada at the prevailing market price at the time of sale. The ATM Program is being offered pursuant to a prospectus supplement dated February 14, 2025, to the Company’s short form base shelf prospectus dated February 12, 2025. The maximum gross proceeds from the issuance of the shares will be $75,000,000 for each of the Class A and Preferred Shares. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor or from representatives of the Agent and are available on SEDAR+ at www.sedarplus.ca.

Real Estate Split Corp. has been designed to provide investors with a diversified, actively managed, high conviction portfolio comprised of securities of leading North American real estate companies. The Company is focused on E-Commerce REITs that are well-positioned to benefit from the rapid adoption of E-Commerce and the growth of data infrastructure as well as cyclical REITs with attractive valuations and exposure to the growth in the economy. Middlefield Capital Corporation provides investment management advice to the Company.

The investment objectives for the Class A Shares are to provide holders with non-cumulative monthly cash distributions and to provide holders with the opportunity for capital appreciation potential. On August 17, 2021, the monthly cash distribution was increased to $0.13 per Class A Share from $0.10 per Class A Share. The investment objectives for the Preferred Shares are to provide holders with fixed cumulative preferential quarterly cash distributions, currently in the amount of $0.13125 per Preferred Share, and to return the original issue price to holders of Preferred Shares on December 31, 2025.

The renewal of the ATM Program aligns with the investment objectives and strategies of Real Estate Split Corp. by providing capital for investment in real estate issuers, diversifying the portfolio, and offering both capital appreciation potential and a stable income stream to investors. The ATM Program enhances the liquidity and accessibility of Real Estate Split Corp. shares for investors by providing a mechanism for the Company to issue new shares to the public, which can increase the float of the shares and make them more readily available for purchase. Additionally, the ATM Program allows investors to buy shares at the current market price, which can be more attractive than purchasing shares at a premium on the open market. Furthermore, the ATM Program can provide the Company with additional capital to invest in accordance with its investment objectives and strategies, subject to its investment restrictions.