ROCKPOINT GAS STORAGE INC. ANNOUNCES C$427 MILLION SECONDARY BOUGHT DEAL OFFERING

Executive Summary

• Rockpoint Gas Storage Inc. announced a C$427 million secondary bought‑deal offering of 15,260,000 Class A common shares at C$28.00 per share.
• The underwriters (RBC Capital Markets and J.P. Morgan) will purchase the shares from Brookfield‑affiliated selling shareholders; Rockpoint will receive no proceeds.
• The transaction expands market float and liquidity while Brookfield affiliates retain majority ownership (~60 % of voting power).

Key Details

• Offering Size: 15,260,000 Class A Shares
• Purchase Price: C$28.00 per share
• Gross Proceeds: Approximately C$427 million (to be paid to selling shareholders)
• Underwriters: Syndicate led by RBC Capital Markets and J.P. Morgan (joint lead bookrunners)
• Over‑Allotment Option: Up to 1,140,000 additional shares may be purchased at the same price within 30 days after closing.
• Closing Date: Expected on or about February 23, 2026, subject to customary conditions.
• Use of Proceeds: Net proceeds will go directly to the selling shareholders; Rockpoint receives no cash from the offering.
• Ownership Impact: Post‑offering Brookfield affiliates will beneficially own 1,140,000 of the 53,200,000 outstanding Class A shares (reduced to zero if full over‑allotment is exercised) and all 79,800,000 Class B voting shares, representing ~61 % of total voting power (60 % if over‑allotment fully exercised).
• Regulatory Notes: Class A Shares are not registered under the U.S. Securities Act and may not be offered or sold in the United States except pursuant to exemptions.

Notable Quotes

(No executive quotes were included in the release.)