{"id":52038,"date":"2026-06-16T21:58:23","date_gmt":"2026-06-17T01:58:23","guid":{"rendered":"https:\/\/prefblog.com\/?p=52038"},"modified":"2026-06-16T21:58:47","modified_gmt":"2026-06-17T01:58:47","slug":"ftn-pr-a-to-get-bigger-9","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=52038","title":{"rendered":"FTN.PR.A To Get Bigger"},"content":{"rendered":"

Quadravest has announced<\/a>:<\/p>\n

Financial 15 Split Corp. (the \u201cCompany\u201d) is pleased to announce it will undertake an offering of Preferred Shares (TSX: FTN.PR.A) of the Company. The offering will be led by National Bank Financial Inc.<\/p>\n

The sales period of this overnight offering will end at 8:30 a.m. EST on June 17, 2026. The offering is expected to close on or about June 24, 2026 and is subject to certain closing conditions including approval by the TSX.<\/p>\n

The Preferred Shares will be offered at a price of $10.78 per Preferred Share.<\/p>\n

The closing price on the TSX of the Preferred Shares on June 15, 2026 was $10.84.<\/p>\n

Since the inception of the Company, 270 consecutive dividends have been declared for the Preferred Shares. The aggregate dividends declared on the Preferred Shares total $13.26 per share. All distributions to date have been made in tax advantaged eligible Canadian dividends.<\/p>\n

The net proceeds of the offering will be used by the Company to invest in an actively managed, high-quality portfolio primarily consisting of financial services companies made up of Canadian and U.S. issuers as follows: <\/p>\n

\n\n\n\n\n\n\n
Bank of Montreal<\/td>\n National Bank of Canada<\/td>\n Bank of America Corp<\/td>\n<\/tr>\n
The Bank of Nova Scotia<\/td>\n Manulife Financial Corporation<\/td>\n Citigroup Inc.<\/td>\n<\/tr>\n
Canadian Imperial Bank of Commerce<\/td>\n Sun Life Financial Services of Canada Inc.<\/td>\nGoldman Sachs Group Inc.<\/td>\n<\/tr>\n
Royal Bank of Canada<\/td>\n Great-West Lifeco Inc.<\/td>\n JP Morgan Chase & Co.<\/td>\n<\/tr>\n
The Toronto-Dominion<\/td>\n <\/td>\n Bank Wells Fargo & Co.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

The Company\u2019s Preferred Share investment objectives are:<\/p>\n