Financial 15 Split Corp. Announces Overnight Offering of Preferred Shares
A high-quality portfolio consisting of North American Financial Services Companies TORONTO, June 16, 2026 (GLOBE NEWSWIRE) — Financial 15 Split Corp. (the “Company”) is pleased to announce it will undertake an offering of Preferred Shares (TSX: FTN.PR.A) of the Company. The offer
This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentA high-quality portfolio consisting of North American Financial Services CompaniesSign In or Create an AccountEmail AddressContinueor View more offersArticle contentTORONTO, June 16, 2026 (GLOBE NEWSWIRE) — Financial 15 Split Corp.
(the “Company”) is pleased to announce it will undertake an offering of Preferred Shares (TSX: FTN.PR.A) of the Company.
The offering will be led by National Bank Financial Inc.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.
Article contentThe sales period of this overnight offering will end at 8:30 a.m. EST on June 17, 2026.
The offering is expected to close on or about June 24, 2026 and is subject to certain closing conditions including approval by the TSX.Article contentArticle contentThe Preferred Shares will be offered at a price of $10.78 per Preferred Share.
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Browse here.Article contentThe closing price on the TSX of the Preferred Shares on June 15, 2026 was $10.84.
Article contentSince the inception of the Company, 270 consecutive dividends have been declared for the Preferred Shares. The aggregate dividends declared on the Preferred Shares total $13.26 per share.
All distributions to date have been made in tax advantaged eligible Canadian dividends.Article contentThe net proceeds of the offering will be used by the Company to invest in an actively managed, high-quality portfolio primarily consisting of financial services companies made up of Canadian and U.S.
issuers as follows:Article content Bank of MontrealNational Bank of CanadaBank of America Corp.The Bank of Nova ScotiaManulife Financial CorporationCitigroup Inc.Canadian Imperial Bank of CommerceSun Life Financial Services of Canada Inc.
Goldman Sachs Group Inc.Royal Bank of CanadaGreat-West Lifeco Inc.JP Morgan Chase & Co.
The Toronto-Dominion Bank Wells Fargo & Co.Article contentThe Company’s Preferred Share investment objectives are:Article contenteffective December 1 ,2025, to provide holders of the Preferred Shares with fixed, cumulative monthly dividends at an annual rate of 7.25%, as determined annually by the Board of Directors, and subject to a minimum rate of 6.
00% until 2030; and on or about the termination date, currently December 1, 2030 (subject to further 5 year extensions thereafter), to pay the holders of the Preferred Shares $10.00 per Preferred Share.Article contentArticle contentA prospectus supplement to the Company’s short form base shelf prospectus dated January 20, 2026 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.Article contentFor further information, please contact 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.comArticle contentArticle contentArticle contentArticle contentArticle contentArticle contentAdvertisement 1This advertisement has not loaded yet.
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