Rockpoint Gas Storage completes its upsized initial public offering

On October 15, 2025, Rockpoint Gas Storage Inc. ("Rockpoint") closed its oversubscribed, upsized initial public offering of 32,000,000 class "A" common shares at a price of C$22.00 per Class A share for gross proceeds of approximately C$704,000,000.

In addition, the underwriters exercised their option in full to acquire an additional 4,800,000 Class A shares at the offering price from certain affiliates of Brookfield Asset Management Private Institutional Capital Adviser (Canada), L.P. ("Brookfield") for gross proceeds of approximately C$105,600,000. Rockpoint did not receive any of the proceeds from the over-allotment option.

The offering was made through a syndicate of underwriters led by RBC Capital Markets and J.P. Morgan, as joint lead bookrunning managers, and including Wells Fargo Securities, BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc., Scotiabank, TD Securities Inc., ATB Capital Markets, Desjardins Capital Markets and Peters & Co. Limited.

The Class A shares were listed on the Toronto Stock Exchange under the symbol "RGSI".

Further information can be found on Canada Newswire’s website.

Rockpoint Gas Storage is the largest independent pure play operator of natural gas storage facilities in North America. It owns and operates six strategically located natural gas storage facilities with a combined effective working gas storage capacity of approximately 280 Bcf that is critical for ensuring the reliable and stable supply of natural gas in its service areas.