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IIROC Trading Halt – SUGR

Canada NewsWire

VANCOUVER, BC, March 9, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Sugarbud Craft Growers Corp.

TSX-Venture Symbol: SUGR

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 3:35 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

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Moore Kuehn Encourages ATH, TWND, AT, and NSH Investors to Contact Law Firm

PR Newswire

NEW YORK, March 9, 2021 /PRNewswire/ — Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies:


  • Athene Holding Ltd. (


    NYSE:


    ATH)

Athene Holding has agreed to be acquired by Apollo Global Management. Under the proposed transaction, shareholders of Athene will receive 1.149 shares of Apollo per share.


  • Tailwind Acquisition Corp. (NYSE: TWND)

Tailwind Acquisition Corp. has agreed to merge with QOMPLX. Under the proposed transaction, shareholders of Tailwind will own only 23.1% of the combined company.


  • Atlantic Power Corporation (NYSE: AT)

Atlantic Power has agreed to be acquired by affiliates of I Squared Capital Advisors (US). Under the proposed transaction, shareholders of Atlantic Power will receive $3.03 per share.


  • NavSight Holdings, Inc. (NYSE: NSH)

NavSight Holdings has agreed to merge with Spire Global. Under the proposed transaction, shareholders of NavSight will retain just 14% of the combined company.

Moore Kuehn is investigating whether the Boards of the above companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process.

Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq. by email at [email protected] or telephone at (212) 709-8245. The consultation and case are free with no obligation to you. Moore Kuehn pays all case costs and does not charge its investor clients.Shareholders should contact the firm immediately as there may be limited time to enforce your rights. 

Moore Kuehn is a 5-star Google rated New York City law firm with attorneys representing investors and consumers in litigation involving securities laws, fraud, breaches of fiduciary duties, and other claims. For additional information about Moore Kuehn, please visit http://www.moorekuehn.com/practice/new-york-securities-litigation/.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
[email protected]
(212) 709-8245

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SOURCE Moore Kuehn, PLLC

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IIROC Trading Halt – FFN

Canada NewsWire

TORONTO, March 9, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: North American Financial 15 Split Corp.

TSX Symbol: FFN

All Issues: Yes

Reason: Pending News

Halt Time (ET): 3:16 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

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Organic farms can take climate change fighting power to new level

The Organic Center pinpoints practices that boost carbon sequestration by double digits

Washington D.C., March 09, 2021 (GLOBE NEWSWIRE) — Organic agriculture’s proven ability to lock carbon away in the soil is a critical tool for combatting climate change. Now a new study directed by the University of Maryland in collaboration with The Organic Center, digs down into the specific ways that organic farmers can take their climate change fighting power to the next level.

Lead by Professor Kate Tully and Dr. Rob Crystal-Ornelas, researchers analyzed over 4,000 scientific articles to put numbers behind the soil carbon-building techniques that organic farmers use, and to identify the best strategies for carbon sequestration. The results of this meta-analysis, published in the scientific journal “Agriculture, Ecosystems and Environment,”(link is external) show that by adopting certain best management practices, organic growers can significantly boost the amounts of carbon captured in their soil – upping their soil organic carbon by an average of 18 percent, and increasing microbial biomass carbon by an average of 30 percent above organic’s normal carbon-storage.   

“This important study helps amplify organic’s advantage when it comes to mitigating climate change and building soil health by quantifying the carbon sequestration potential of specific organic soil management practices,” said Dr. Jessica Shade, Director of Science Programs for The Organic Center. “The study is the first of its kind – looking within organic management to not only highlight the areas where organic excels at locking greenhouse gas in the soil, but also identifying the areas that have the biggest beneficial impact, enabling organic growers to maximize their ability to fight climate change.”

“Our meta-analyses provides a holistic view on the relative impact of various Best Management Practices on Soil Organic Carbon and Microbial Biomass Carbon concentrations within organic farming systems. While previous meta-analyses comparing organic and conventional farms provide strong evidence to support organic farming as a means to improve soil health and achieve agricultural sustainability, our meta-analysis goes beyond that and suggests the need to adopt specific Best Management Practices within organic farming systems to optimize soil health improvements,” said the authors of the study.

The project builds on the extensive work The Organic Center has completed to support soil health and climate change mitigation. After a ground-breaking largescale study with Northeastern University in 2017 showing that organic soil management sequesters significantly more carbon in the soil, the Center has built a network of studies that fit together to provide critical information for battling climate change.

As a companion piece to the published scientific study, The Organic Center has developed a report titled “Maximizing carbon sequestrations in organic system’ (we need link) that succinctly describes the findings and puts them into perspective with other research.

Organic soil amendments are top in carbon sequestration  

The study looked at three best management practices: the use of organic soil amendments, conservation tillage and cover crops. While all three farming practices boosted carbon sequestration, the study found that using best practices in organic soil amendments like compost and manure had the biggest impact on carbon sequestration, and in a short period of time.

According to the study, using best practices when it comes to biological soil amendments boosts carbon sequestration by an average 24 percent. And because much of that carbon was found in the top 20 inches of soil, using organic amendments is one of the most impactful strategies to quickly replenish carbon back into the soil, which improves soil health and builds resilience to climate changes. The importance of soil amendments isn’t a surprise; past research has estimated that fertilizer accounts for around 75 percent of total agricultural greenhouse gas emissions(link is external).

The terms soil amendments and fertilizer are often used interchangeably but they can perform very different functions. Soil amendments condition the soil; they enhance the texture of the soil which enables roots to grow deeper and stronger, and water infiltration to improve. While doing so, they can also provide nutrients to the plant. Synthetic fertilizers provide nutrients without improving soil texture quality, and soil texture quality is key to the amount of carbon a soil can store.

“Our meta-analysis confirms findings from individual studies that consistent addition of organic amendments is the most promising Best Management Practice to replenish soil C, improve soil health, and build climate-resilient agricultural systems,” said the study.

Adoption of conservation tillage in organic farming systems increased carbon sequestration by 14 percent over conventional tillage practices, the study found. Cover crops were found to increase carbon storage in more shallow soil depths, and the sequestration power of cover crops was found to increase over the years they are planted.

More research needed  

The authors of the study pointed to the need for more research to look at the impacts of other best management practices on carbon sequestration, noting “critical evidence gaps in research on organic farming practices.”

“Very few published articles included experiments that evaluated the relative effect of crop rotation length and diversity on soil health metrics. Future research that synthesizes data on such under-researched Best Management Practices within organic farming systems … will shed much needed light on the ways that Best Management Practices either separately or in combination influenced soil health in organic farming systems,” said the study.

The Organic Center is contributing to that need. Looking toward the future, The Center has several ongoing projects that will leverage the findings from this project. A project in collaboration with the University of California Berkeley connects organic farm practices for managing carbon sequestration and soil health to farmer yields. Another project, in collaboration with Harvard University, takes a look at the climactic impacts of organic agriculture from cradle to grave, identifying the positive aspects that organic has to offer mitigation.

“Our past work shows that organic agricultural practices increase overall carbon sequestration, and this new work pinpoints specific practices that farmers can adapt to be even more effective in fighting climate change,” said Dr. Shade. “We want to do everything we can to help organic and the rest of agriculture fight the life-threatening challenge of climate change. Organic can be a part of the solution.”

The Organic Center will be hosting a webinar on the new study on April 15 at 1 pm eastern. Dr. Crystal-Ornelas, one of the study’s lead researchers, will be discussing the important findings of the study. Register here.
 
The Organic Center is a small organization achieving big results by sharing (In)credible science, credibly sourced. For more information on The Organic Center, visit www.organic-center.org.

The Organic Center’s mission is to convene credible, evidence-based science on the health and environmental impacts of organic food and farming and to communicate the findings to the public. The Center is an independent non-profit 501(c)(3) research and education organization operating under the administrative auspices of the Organic Trade Association.

Attachment 



Maggie McNeil
The Organic Center
(202) 403-8514
[email protected]

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RevoltTOKEN Updates Website With Video On ALYI EV Ecosystem Transformation Plans

PR Newswire

DALLAS, March 9, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today announced its finance partner, RevoltTOKEN, has updated its website with a new video detailing plans to transform ALYI’s Electric Vehicle Ecosystem Platform.

www.RevoltTOKEN.com

Last week, ALYI’s finance partner RevoltTOKEN initiated the sale of Revolt Tokens (RVLT) through the Revolt Token web site (www.revolttoken.com)

The funds raised through the sale of Revolt Tokens will be dedicated to the funding of the overall Alternet Systems Electric Vehicle ecosystem.

The purchase price is U.S. $1.00 per RVLT, which will be delivered to an ERC20 Compatible Wallet of your choice (e.g. Trust Wallet)

Currently Revolt Tokens (RVLT) can be purchased in exchange for other tokens or cryptocurrency, or in exchange for funds delivered into an escrow account via wire transfer. 

The purchase process requires 3 simple steps. The first one is to create a User ID and password – follow the link below to get started: http://www.revolttoken.com/RVLTICO

Next, a link to register and collect Know-Your-Customer will be sent.

Once verified, an email confirmation will be sent, and you can then proceed to complete your purchase of the Revolt Token. You can buy multiple times with the same ID.

Registration and purchase requests will be processed on a first come, first serve basis.

Any questions or issues during any step of the process can be addressed by emailing customer support at [email protected].

Soon, Revolt Token will also be available to trade via a cryptocurrency exchange listing. 

Anyone interested in Revolt Token (RVLT) should review the information available on the Revolt Token (RVLT) website and continue to monitor the Revolt Token (RVLT) website for updates regarding the availability of new Revolt Token (RVLT) purchasing functionality, and the listing of Revolt Token (RVLT) on the cryptocurrency exchanges. 

The Revolt Token (www.revolttoken.com) website will also include the evolving information regarding the exchangeability of Revolt Token (RVLT) for other Alternet System Electric Vehicle Ecosystem components intended to include Alternet’s Revolt Electric Motorcycles, and/or entry into participation in Alternet’s annual Electric Vehicle Race (EV Grand Prix) and Electric Vehicle Technology Symposium.

Visit Revolt Token (RVLT)’s website at www.RevoltToken.com.

Please do not hesitate to email any questions to [email protected].

For more information and to stay up to date on ALYI’s overall latest developments, please visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Alternet Systems, Inc. Contact:
Randell Torno
[email protected]
+1-800-713-0297

 

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SOURCE Alternet Systems, Inc.

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Edgewell Announces Global Disposable Razor Portfolio Made with up to 100% Post-Consumer Recycled Plastic Handles

Company also launches U.S. razor recycling initiative to fill gaps of curbside recycling programs and help consumers participate in the fight for sustainable personal care

PR Newswire

SHELTON, Conn., March 9, 2021 /PRNewswire/ — Edgewell Personal Care (NYSE: EPC) today announced that, as part of its Sustainable Care 2030 strategy, its global portfolio of men’s and women’s disposable razors – including Schick® Xtreme 3® men’s1 and Skintimate® three blade women’s razors – now has handles made with up to 100% post-consumer recycled (PCR) plastic. The Company also launched its new U.S. program to encourage the recycling of its disposable razors and to provide an alternative to curbside recycling programs, which typically do not accept razors.

By incorporating recycled materials into its products and packaging, Edgewell is offering consumers a more environmentally conscious alternative than before without having to compromise on price or performance. By changing the materials, products and packaging with which the razors are made, consumers can feel even better about purchasing the Xtreme® and Skintimate® products they love and trust. The cost of the product and quality of the shave will remain the same, but the environmental footprint will be reduced. 

To help consumers reduce the amount of waste they are sending to landfills, Edgewell’s new recycling program encourages consumers to package up their old razors by reusing materials already in their home, download a free return shipping label and send the razors back to the Company. Through a third-party partner, all returned Xtreme®, Skintimate® and Quattro® disposable razors will be recycled into new products.

“As a global leader in the personal care category, with respected household brands and products that our consumers use every day, we have a responsibility to minimize our environmental footprint,” said Anne-Sophie Gaget, Chief Growth and Innovation Officer, Edgewell. “We are committed to using our brands as a force for good so that they may have a positive impact on society and our environment, and I am encouraged by the progress we have made so far. The recycling program and use of PCR plastic in our disposables is a milestone in our sustainability journey, and I look forward to partnering with our teams around the world to continually innovate and work toward a more sustainable future.”

Through these actions, Edgewell is delivering on its commitment to develop new products and packaging in support of the circular economy by using more recycled, renewable and recyclable materials, minimizing material usage, and reducing waste. Specifically, the company is targeting to reduce the virgin petroleum-based plastic content in all its disposable razor handles by 50% by 2030.

To learn more about Schick® Xtreme® and Skintimate® disposable razors and how to participate in Edgewell’s new U.S. recycling program, visit Schick.com, Skintimate.com, and EdgewellRecycling.com, respectively.

About Sustainable Care 2030

Edgewell’s Sustainable Care 2030 is the Company’s ambitious strategy that will enable it to sustain and grow its business while inspiring a world where the joy of caring for yourself is balanced with caring for our shared planet and society. Unveiled in 2020, Sustainable Care 2030 includes key commitments and targets across its brands, operations and supply chain, and workforce and communities. For more information, visit www.edgewell.com/sustainability.

About Edgewell Personal Care

Edgewell is a leading pure-play consumer products company with an attractive, diversified portfolio of established brand names such as Schick® and Wilkinson Sword® men’s and women’s shaving systems and disposable razors; Edge® and Skintimate® shave preparations; Playtex®, Stayfree®, Carefree® and o.b.® feminine care products; Banana Boat®, Hawaiian Tropic®, Bulldog®,  Jack Black®, and CREMO® sun and skin care products; and Wet Ones™ moist wipes.  The Company has a broad global footprint and operates in more than 50 markets, including the U.S., Canada, Mexico, Germany, Japan, the U.K. and Australia, with approximately 5,800 employees worldwide.i

i SCHICK, WILKINSON SWORD, EDGE, SKINTIMATE, STAYFREE, CAREFREE, O.B., BANANA BOAT, HAWAIIAN TROPIC, BULLDOG, JACK BLACK, CREMO and WET ONES and associated word marks and logos are trademarks or registered trademarks of Edgewell Personal Care LLC (or an Edgewell affiliate company) in the United States and other countries throughout the world. PLAYTEX is a registered trademark in the United States and other countries of Playtex Marketing Corporation and is used under license.


1 Schick® Xtreme 3® Sensitive™, Schick® Xtreme 3® Duo Comfort™, Schick® Xtreme 3® Pivot ball™, Schick® Xtreme 3® Sport™, Schick® Xtreme 3® Face & Body™ and Schick® Xtreme 3® Eco-Glide™ Disposable.

 

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SOURCE Edgewell Personal Care Company

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SPEA: Nuclear Most Profitable Segment in SNC-Lavalin Earnings Report

Greater opportunities available for company in growing nuclear industry

MISSISSAUGA, Ontario, March 09, 2021 (GLOBE NEWSWIRE) — Today, SNC-Lavalin announced that its nuclear business was the most profitable segment within its portfolio, accounting for 14.4% of total revenue for Q4. This coupled with strong future opportunities buoyed hopes for a nuclear renaissance for made-in-Canada CANDU technology.

“Candu Energy is well positioned to take advantage of a low carbon economy that is fueled by nuclear energy,” said Mark Chudak, President of the Society of Professional Engineers and Associates (SPEA). “Whether it is Small Modular Reactors (SMR) or larger power plants or life extensions, SPEA members are capable of delivering the skills needed to take advantage in the global effort to fight climate change.”

CANDU technology has produced the safest nuclear energy globally since it was first introduced in the sixties. There are CANDU reactors operating in Argentina, China, Pakistan, South Korea and Romania. With upgraded technology, these reactors can use recycled fuel rods which reduces nuclear waste. Other improvements have dramatically lowered capital and operational costs.

“Candu Energy is well positioned to take advantage of the demand for clean energy,” according to Chudak. “What is required is the leadership from SNC-Lavalin to make this happen: to find markets for proven technologies, and to continue to innovate.”

The Society of Professional Engineers and Associates (SPEA) is an independent union representing engineers, scientists, technicians, technologists, skilled tradespersons, designers, operations and administrative staff employed by SNC-Lavalin. Formed in 1974, SPEA is one of the oldest professional unions in Canada. Collectively we represent the majority of Canada’s nuclear power reactor design expertise.

For more information contact:
Michelle Duncan,
SPEA External Relations
Telephone: (416) 427-3525 (cellular)
E-mail: [email protected]



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Norfolk Southern to present at J.P. Morgan Industrials Conference

PR Newswire

NORFOLK, Va., March 9, 2021 /PRNewswire/ — Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Mark R. George and Executive Vice President and Chief Marketing Officer Alan H. Shaw will make a presentation at:

J.P. Morgan 2021 Industrials Conference 
Tuesday, March 16, 1:10 p.m. EDT
Virtual Conference
Webcast URL: https://jpmorgan.metameetings.net/events/industrials21/sessions/36939-norfolk-southern-corp/webcast?gpu_only=true&kiosk=true

The presentation will be posted at www.norfolksouthern.com in the Investors section.

About Norfolk Southern


Norfolk Southern Corporation
 (NYSE: NSC) is one of the nation’s premier transportation companies. Its Norfolk Southern Railway Company subsidiary operates approximately 19,300 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers. Norfolk Southern is a major transporter of industrial products, including agriculture, forest and consumer products, chemicals, and metals and construction materials. In addition, the railroad operates the most extensive intermodal network in the East and is a principal carrier of coal, automobiles, and automotive parts.

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SOURCE Norfolk Southern Corporation

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UniFirst No. 9 Chevrolet Driven by Chase Elliott to Make 2021 NASCAR Debut on Sunday, March 14

PR Newswire

WILMINGTON, Mass., March 9, 2021 /PRNewswire/ — UniFirst Corporation (NYSE: UNF), a North American leader in providing customized work uniform programs, corporate attire, and facility service products for business, in partnership with 13-time NASCAR Cup Series champion Hendrick Motorsports, will be debuting a revamped design of the No. 9 UniFirst Chevrolet Camaro ZL1 1LE, driven by 2020 Cup Series Champion Chase Elliott, on Sunday, March 14, at Phoenix Raceway. Elliott will be returning to Phoenix for the first time since November, when he earned his iconic 2020 championship. The race begins at 3:30 p.m. EST and will be televised on FOX.

The new-look UniFirst No. 9 Chevy will prominently feature the company’s signature green color, complemented by striking black and white contrasts and race-inspired design cues. The refreshed exterior of the No. 9 will easily spotlight Elliott and the car wherever they are on the track.

2020 was a standout campaign for Elliott, as he established himself as the definitive best driver in the NASCAR Cup Series. At only 24 years old, Elliott became the third-youngest driver in NASCAR history to earn the championship following his season-ending victory in Phoenix. NASCAR’s three-time Most Popular Driver also compiled five wins and 15 top-five finishes during the 2020 campaign.

Elliott maintained that success while piloting the UniFirst No. 9 Chevy in 2020. The car made its 2020 debut on March 8 at Phoenix Raceway, with Elliott collecting a top-10 finish. In July, he piloted the UniFirst Chevy to an exciting first-place finish and the $1 million grand prize at the popular NASCAR All-Star Race. The UniFirst Chevy’s final appearance of the 2020 NASCAR Cup Series came on September 27 at the South Point 400 in Las Vegas. Elliott began the playoff race in the third spot and ultimately earned a Stage 2 victory.

“All of us at UniFirst are excited to join in on Chase’s quest for another Cup Series Championship,” said Adam Soreff, director of marketing and communications for UniFirst. “From the All-Star race victory to his Cup Series-clinching win, he provided all of us with some unforgettable moments in 2020, and we’re hoping for more of the same in 2021.”

The 2021 NASCAR season marks the fifth year of UniFirst’s multi-year partnership with Hendrick Motorsports, and the company’s second year sponsoring Elliott and the No. 9 team. UniFirst continues to be the Official Workwear Provider of Hendrick Motorsports, supplying work clothing and uniforms to the team, as well as to its sister company, Hendrick Automotive Group.

“We’re excited to continue our partnership with UniFirst and their thousands of employee Team Partners nationwide,” said Elliott. “I can’t wait to get the new, bright green and white paint scheme on track in Phoenix – it really looks great. I’m looking forward to building off the successful 2020 season and we’re going to work hard to get the No. 9 UniFirst Camaro back into victory lane.”

Elliott has already gotten off to a hot start in the 2021 season, compiling one top-five finish, one stage victory, and 73 laps led. As a result, he is currently in fourth place in the Cup Series standings through the season’s first four races.

About UniFirst
Headquartered in Wilmington, Ma., UniFirst Corporation (NYSE: UNF) is a North American leader in the supply and servicing of uniform and workwear programs, as well as the delivery of facility service programs. Together with its subsidiaries, the company also provides first aid and safety products, and manages specialized garment programs for the cleanroom and nuclear industries. UniFirst manufactures its own branded workwear, protective clothing, and floorcare products; and with 260 service locations, over 300,000 customer locations, and 14,000 employee Team Partners, the company outfits more than 2 million workers each business day. For more information, contact UniFirst at 800.455.7654 or visit UniFirst.com.

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SOURCE UniFirst Corporation

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North American Financial 15 Split Corp. Announces Overnight Offering

A high quality portfolio consisting of 15 North American Financial Services Companies

TORONTO, March 09, 2021 (GLOBE NEWSWIRE) — North American Financial 15 Split Corp. (the “Company”) is pleased to announce it will undertake an offering of Preferred Shares and Class A Shares of the Company. The offering will be led by National Bank Financial Inc.

The Preferred Shares will be offered at a price of $10.00 per Preferred Share to yield 6.75% and the Class A Shares will be offered at a price of $7.00 per Class A Share to yield 19.43%.

The closing price on the TSX of each of the Preferred Shares and the Class A Shares on March 8, 2021 was $10.27 and $6.92, respectively.

Since inception of the Company, the aggregate dividends declared on the Preferred Shares have been $8.71 per share and the aggregate dividends declared on the Class A Shares have been $14.12 per share, for a combined total of $22.83. All distributions to date have been made in tax advantage eligible Canadian dividends or capital gains dividends.

The net proceeds of the offering will be used by the Company to invest in an actively managed, high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows:

Bank of Montreal National Bank of Canada Bank of America Corp.
The Bank of Nova Scotia Manulife Financial Corporation Citigroup Inc.
Canadian Imperial Bank of Commerce Sun Life Financial Services of Canada Inc. Goldman Sachs Group Inc.
Royal Bank of Canada Great-West Lifeco Inc. JP Morgan Chase & Co.
The Toronto-Dominion Bank CI Financial Corp. Wells Fargo & Co.

The Company’s investment objectives are:

Preferred Shares:

  1. to provide holders of the Preferred Shares with fixed, cumulative preferential monthly cash dividends currently in the amount of 6.75% annually, to be set by the Board of Directors annually subject to a minimum of 5.50% until 2024; and
  2. on or about the termination date, currently December 1, 2024 (subject to further 5 year extensions thereafter), to pay the holders of the Preferred Shares $10.00 per Preferred Share.

Class A Shares:

  1. to provide holders of the Class A Shares with regular monthly cash dividends in an amount to be determined by the Board of the Directors; and
  2. to permit holders to participate in all growth in the net asset value of the Company above $10 per Unit, by paying holders on or about the termination date of December 1, 2024 (subject to further 5 year extensions thereafter) such amounts as remain in the Company after paying $10 per Preferred Share.

The sales period of this overnight offering will end at 9:00 a.m. EST on March 10, 2021. The offering is expected to close on or about March 17, 2021 and is subject to certain closing conditions including approval by the TSX.

A prospectus supplement to the Company’s short form base shelf prospectus dated July 3, 2020 containing important detailed information about the Preferred Shares and the Class A Shares being offered will be filed with securities commissions or similar authorities in all provinces of Canada. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the agents listed above. There will not be any sale or any acceptance of an offer to buy the securities being offered until the prospectus supplement has been filed with the Securities Commissions or similar authorities in each of the provinces and territories of Canada.


For further information, please contact North American Financial 15 Split Corp. Investor Relations at



416-304-4443  Toll free at 1-877-4-Quadra (1-877-478-2372) or visit  



www.financial15.com