Mulvihill Capital Management Inc. has announced the approved merger of S Split Corp. (SBN) and Top 10 Split Trust (TXT) into Premium Global Income Split Corp. This decision was confirmed at a special meeting of securityholders. The merger process will result in holders of Class A Shares and Preferred Shares of SBN and holders of Capital Units and Preferred Securities of TXT becoming holders of Class A Shares and to a lesser extent, Preferred Shares of the new entity. The timelines for the mergers are set for early September 2024, with exchange ratios to be confirmed prior. Investors are advised to seek detailed information and be cognizant of expenses and brokerage fees associated with these transactions.
Finance, Investment Management,Canada
https://www.globenewswire.com/news-release/2024/08/30/2938663/0/en/Mulvihill-Capital-Management-Inc-Announces-Approval-of-Proposed-Merger-of-S-Split-Corp-and-Top-10-Split-Trust-into-Premium-Global-Income-Split-Corp.html