10:20 AM EDT, 05/08/2024 (MT Newswires) -- Infrastructure Dividend Split Corp. (IS.TO) on Wednesday said it has completed its initial public offering of near 5.3 million preferred shares for total gross proceeds of more than $52.6 million. The class A and preferred shares are listed on the Toronto Stock Exchange under the symbols IS and IS-PR-A, respectively.

The company invests in a diversified, actively managed portfolio of dividend-paying securities of infrastructure companies. Infrastructure Dividend will initially invest in a portfolio of 15 dividend-paying issuers in the infrastructure sector.