Dividend 15 Split Corp. Announces Overnight Offering of Preferred Shares

Executive Summary

• Dividend 15 Split Corp. announced an overnight offering of its Series A Preferred Shares (TSX: DFN.PR.A) at $10.45 per share, led by National Bank Financial Inc.
• The offering is expected to close around January 23, 2026, subject to TSX approval and other closing conditions.
• Net proceeds will be used to invest in a diversified portfolio of high‑quality dividend‑yielding Canadian companies.

Key Details

• Offering Size & Price: Preferred Shares priced at $10.45 each; sales period ends 8:30 a.m. EST on Jan 16, 2026.
• Closing Timeline: Anticipated closing on or about Jan 23, 2026; subject to TSX approval and other conditions.
• Lead Manager: National Bank Financial Inc. (sole lead underwriter).
• Recent Market Price: Closing price on TSX on Jan 14, 2026 was $10.52 per Preferred Share.
• Dividend History: Since inception, aggregate dividends paid have been $11.75 per share, all taxed as eligible Canadian dividends.

• Investment Objective for Proceeds: Deploy net proceeds into an actively managed portfolio of dividend‑yielding Canadian equities, including:

• Bank of Montreal, Enbridge Inc., TC Energy

• Bank of Nova Scotia, Manulife Financial Corp., TELUS Corporation
• BCE Inc., National Bank of Canada, Thomson Reuters Corp.
• Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto‑Dominion Bank

• Sun Life Financial Inc., TransAlta Corporation

• Preferred Share Terms: Fixed cumulative monthly cash dividend 7.00 % annually based on the original $10 issue price; redemption at original $10 issue price on or about Dec 1, 2029, with possible five‑year extensions (already exercised in the past).

• Regulatory Filings: Prospectus supplement to the short‑form base shelf prospectus (dated Sep 6, 2024, amended Nov 21, 2025) will be filed with securities commissions; no sale or acceptance of offers until filing is complete.

Notable Quotes

(No executive quotes were provided in the release.)