Dividend 15 Split Corp. Announces TSX Acceptance of Normal Course Issuer Bid

Core Viewpoint - Dividend 15 Split Corp. has announced a Normal Course Issuer Bid (NCIB) to repurchase its Preferred Shares and Class A Shares, which will run from June 2, 2025, to June 1, 2026 [1] Group 1: NCIB Details - The company plans to buy up to 12,687,975 Preferred Shares and 13,219,443 Class A Shares, representing 10% of the public float [2] - As of May 21, 2025, there were 127,069,383 Preferred Shares and 132,275,624 Class A Shares outstanding [2] - The company will limit purchases to a maximum of 2,541,387 Preferred Shares and 2,645,512 Class A Shares in any 30-day period [2] Group 2: Previous NCIB - Under the previous NCIB that ran from May 29, 2024, to May 28, 2025, no shares were purchased [2] Group 3: Management Perspective - The Board of Directors, advised by Quadravest Capital Management Inc., believes that the share repurchases are in the best interests of the company and a desirable use of funds [3] - All repurchased shares will be cancelled [3] Group 4: Investment Portfolio - The company invests in a high-quality portfolio of leading Canadian dividend-yielding stocks, including major banks and financial institutions such as Bank of Montreal, Royal Bank of Canada, and Enbridge [4]