Financial 15 Split Corp. Successful Overnight Offering of Preferred Shares

Group 1 - The Financial 15 Split Corp. has completed an overnight offering of Preferred Shares, raising approximately $92.2 million in gross proceeds [1][2] - The offering price for the Preferred Shares is set at $10.60, with the closing price on the TSX being $10.72 as of November 17, 2025 [2] - The net proceeds from the offering will be invested in a high-quality portfolio of financial services companies, including major Canadian and U.S. banks and financial institutions [3] Group 2 - A prospectus supplement will be filed with securities commissions in all provinces of Canada, providing detailed information about the Preferred Shares and Class A Shares being offered [4] - Starting December 1, 2025, holders of the Preferred Shares will receive fixed, cumulative monthly dividends at an annual rate of 7.25%, with a minimum rate of 6.00% until 2030 [5] - On or about the termination date of December 1, 2030, holders of the Preferred Shares will be paid $10.00 per share [5]