TORONTO, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. (the “Company”) is pleased to announce that the minimum annual dividend rate for the FTN.PR.A Preferred Shares will increase to 6.00% from 5.50% for the new five-year term effective December 1, 2025. The payment rate that may be reset annually, subject to the five-year minimum, will be set at 7.25% (previously 8.50%) per annum effective December 1, 2025 based on the $10.00 repayment value. The Preferred shareholders have received a total o ...

Core Viewpoint - Financial 15 Split Corp. has announced an extension of its termination date from December 1, 2025, to December 1, 2030, allowing shareholders to continue benefiting from their investments [1]. Summary by Sections Company Overview - The Company provides leveraged exposure to a portfolio of high-quality financial services companies from Canada and the U.S. [2]. - The portfolio includes 15 financial services companies, such as Bank of Montreal, Royal Bank of Canada, and Goldman Sachs Group [6]. Shareholder Benefits - Class A shareholders have received total monthly distributions of $26.69 per share since the Company's inception [2]. - Preferred shareholders have received cumulative preferential monthly distributions totaling $12.19 per share since inception [3]. Tax Implications - The extension of the Company's term is not expected to trigger a taxable event, allowing shareholders to defer potential capital gains tax until they dispose of their shares [4]. Dividend Adjustments - The Company reserves the right to amend the minimum rate of cumulative preferential monthly dividends for Preferred Shares during the five-year renewal period, with any changes based on market yields announced by September 30, 2025 [5].