Dividend 15 Split expects $142.6-million from offering

Executive Summary

• Dividend 15 Split Corp. completed an overnight offering of preferred shares, raising approximately $142.6 million in gross proceeds.
• The shares were priced at $10.45 each (closing price $10.53 on Jan 15, 2026) and the transaction is expected to close around Jan 23, 2026, subject to TSX approval.
• Net proceeds will be deployed to build a high‑quality, dividend‑yielding Canadian equity portfolio across 14 listed companies.

Key Details

• Offering Size & Pricing – Gross proceeds ~ $142.6 M; price per preferred share $10.45 (closing TSX price $10.53 on Jan 15, 2026).
• Lead Manager – National Bank Financial Inc. acted as the lead underwriter for the overnight offering.
• Closing Timeline – Offering expected to close on or about Jan 23, 2026, subject to customary closing conditions and TSX approval.
• Use of Proceeds – Funds will be invested in an actively managed portfolio of dividend‑yielding Canadian companies:
• Bank of Montreal; Bank of Nova Scotia; BCE Inc.; Canadian Imperial Bank of Commerce; Enbridge Inc.; Manulife Financial Corp.; National Bank of Canada; Royal Bank of Canada; Sun Life Financial Inc.; TC Energy; Telus Corp.; Thomson Reuters Corp.; Toronto‑Dominion Bank; TransAlta Corp.
• Preferred Share Terms – Fixed cumulative monthly cash dividend of 7 % per annum based on the original $10 issue price.
• Maturity/Redemption – Expected termination date Dec 1, 2029, with possible five‑year extensions; at termination holders will receive the original $10 issue price per share.
• Regulatory Filings – A prospectus supplement to the short‑form base shelf prospectus (dated Sept 6, 2024, amended Nov 21, 2025) will be filed with Canadian securities regulators prior to any sale.

Notable Quotes

(No executive quotes were provided in the release.)