{"success":true,"data":{"pressRelease":{"id":"65588","rtpr_id":"nGNX1f5d83","ticker":"FTN","exchange":"TSX","all_tickers":["FTN"],"title":"Financial 15 Split Corp. Announces Overnight Offering of Preferred Shares","author":"Globe Newswire","published_at":"2026-06-16T19:17:31.130Z","article_body":"A high-quality portfolio consisting of North American Financial Services\nCompanies\n\nTORONTO, June 16, 2026 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. (the\n“Company”) is pleased to announce it will undertake an offering of\nPreferred Shares (TSX: FTN.PR.A) of the Company. The offering will be led by\nNational Bank Financial Inc.\n\nThe sales period of this overnight offering will end at 8:30 a.m. EST on June\n17, 2026. The offering is expected to close on or about June 24, 2026 and is\nsubject to certain closing conditions including approval by the TSX.\n\nThe Preferred Shares will be offered at a price of $10.78 per Preferred Share.\n\nThe closing price on the TSX of the Preferred Shares on June 15, 2026 was\n$10.84.\n\nSince the inception of the Company, 270 consecutive dividends have been\ndeclared for the Preferred Shares. The aggregate dividends declared on the\nPreferred Shares total $13.26 per share. All distributions to date have been\nmade in tax advantaged eligible Canadian dividends.\n\nThe net proceeds of the offering will be used by the Company to invest in an\nactively managed, high-quality portfolio primarily consisting of financial\nservices companies made up of Canadian and U.S. issuers as follows:\n\n                                                                                                           \n Bank of Montreal                    National Bank of Canada                     Bank of America Corp.     \n The Bank of Nova Scotia             Manulife Financial Corporation              Citigroup Inc.            \n Canadian Imperial Bank of Commerce  Sun Life Financial Services of Canada Inc.  Goldman Sachs Group Inc.  \n Royal Bank of Canada                Great-West Lifeco Inc.                      JP Morgan Chase & Co.     \n The Toronto-Dominion Bank                                                       Wells Fargo & Co.         \n\nThe Company’s Preferred Share investment objectives are:\n1. effective December 1 ,2025, to provide holders of the Preferred Shares with\nfixed, cumulative monthly dividends at an annual rate of 7.25%, as determined\nannually by the Board of Directors, and subject to a minimum rate of 6.00%\nuntil 2030; and \n \n2. on or about the termination date, currently December 1, 2030 (subject to\nfurther 5 year extensions thereafter), to pay the holders of the Preferred\nShares $10.00 per Preferred Share.\nA prospectus supplement to the Company’s short form base shelf prospectus\ndated January 20, 2026 containing important detailed information about the\nPreferred Shares and the Class A Shares being offered will be filed with\nsecurities commissions or similar authorities in all provinces of Canada.\nCopies of the prospectus supplement and the short form base shelf prospectus\nmay be obtained from your registered financial advisor using the contact\ninformation for such advisor, or from representatives of the agents listed\nabove. There will not be any sale or any acceptance of an offer to buy the\nsecurities being offered until the prospectus supplement has been filed with\nthe Securities Commissions or similar authorities in each of the provinces and\nterritories of Canada.\n\nFor further information, please contact Financial 15 Split Corp. Investor\nRelations at 416-304-4443 Toll free at 1-877-4-Quadra (1-877-478-2372) or\nvisit www.financial15.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/746457eb-13dd-48d0-a976-c15ee93d2ce5)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX1f5d83","title":"Financial 15 Split Corp. Announces Overnight Offering of Preferred Shares","author":"Globe Newswire","ticker":"FTN","created":"2026-06-16T19:17:31.130Z","tickers":["FTN"],"exchange":"TSX","article_body":"A high-quality portfolio consisting of North American Financial Services\nCompanies\n\nTORONTO, June 16, 2026 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. (the\n“Company”) is pleased to announce it will undertake an offering of\nPreferred Shares (TSX: FTN.PR.A) of the Company. The offering will be led by\nNational Bank Financial Inc.\n\nThe sales period of this overnight offering will end at 8:30 a.m. EST on June\n17, 2026. The offering is expected to close on or about June 24, 2026 and is\nsubject to certain closing conditions including approval by the TSX.\n\nThe Preferred Shares will be offered at a price of $10.78 per Preferred Share.\n\nThe closing price on the TSX of the Preferred Shares on June 15, 2026 was\n$10.84.\n\nSince the inception of the Company, 270 consecutive dividends have been\ndeclared for the Preferred Shares. The aggregate dividends declared on the\nPreferred Shares total $13.26 per share. All distributions to date have been\nmade in tax advantaged eligible Canadian dividends.\n\nThe net proceeds of the offering will be used by the Company to invest in an\nactively managed, high-quality portfolio primarily consisting of financial\nservices companies made up of Canadian and U.S. issuers as follows:\n\n                                                                                                           \n Bank of Montreal                    National Bank of Canada                     Bank of America Corp.     \n The Bank of Nova Scotia             Manulife Financial Corporation              Citigroup Inc.            \n Canadian Imperial Bank of Commerce  Sun Life Financial Services of Canada Inc.  Goldman Sachs Group Inc.  \n Royal Bank of Canada                Great-West Lifeco Inc.                      JP Morgan Chase & Co.     \n The Toronto-Dominion Bank                                                       Wells Fargo & Co.         \n\nThe Company’s Preferred Share investment objectives are:\n1. effective December 1 ,2025, to provide holders of the Preferred Shares with\nfixed, cumulative monthly dividends at an annual rate of 7.25%, as determined\nannually by the Board of Directors, and subject to a minimum rate of 6.00%\nuntil 2030; and \n \n2. on or about the termination date, currently December 1, 2030 (subject to\nfurther 5 year extensions thereafter), to pay the holders of the Preferred\nShares $10.00 per Preferred Share.\nA prospectus supplement to the Company’s short form base shelf prospectus\ndated January 20, 2026 containing important detailed information about the\nPreferred Shares and the Class A Shares being offered will be filed with\nsecurities commissions or similar authorities in all provinces of Canada.\nCopies of the prospectus supplement and the short form base shelf prospectus\nmay be obtained from your registered financial advisor using the contact\ninformation for such advisor, or from representatives of the agents listed\nabove. There will not be any sale or any acceptance of an offer to buy the\nsecurities being offered until the prospectus supplement has been filed with\nthe Securities Commissions or similar authorities in each of the provinces and\nterritories of Canada.\n\nFor further information, please contact Financial 15 Split Corp. Investor\nRelations at 416-304-4443 Toll free at 1-877-4-Quadra (1-877-478-2372) or\nvisit www.financial15.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/746457eb-13dd-48d0-a976-c15ee93d2ce5)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-16T19:17:31.17894818Z","server_sent_at_ms":1781637451178},"received_at":"2026-06-16T19:17:31.285Z","source_url":null},"analysis":{"id":"55006","press_release_id":"65588","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":[],"eventType":"offering","narrative":"Financial 15 Split Corp. announced an overnight offering of Preferred Shares priced at $10.78 per share, with National Bank Financial Inc. acting as lead agent.\n\nThe offering price compares to a closing price of $10.84 on June 15, with net proceeds designated for investment in a portfolio of North American financial services companies.\n\nThe Preferred Shares feature a fixed cumulative monthly dividend yielding 7.25% 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