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

Core Viewpoint - Dividend 15 Split Corp. II has announced its intention to initiate 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 purchase up to 2,242,527 Preferred Shares and 2,234,759 Class A Shares, representing 10% of the public float of 22,425,275 Preferred Shares and 22,347,591 Class A Shares [2]. - The maximum number of shares that can be purchased in any 30-day period is limited to 448,505 Preferred Shares and 448,677 Class A Shares, which is 2% of the issued and outstanding shares as of May 21, 2025 [2]. - No shares were purchased under the previous NCIB that ran from May 29, 2024, to May 28, 2025 [2]. Group 2: 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 represent a desirable use of its funds [3]. - All repurchased shares will be cancelled following the NCIB [3]. Group 3: 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].