Dividend 15 Split Corp. Completes Overnight Offering of $142,642,500

Executive Summary

• Dividend 15 Split Corp. completed an overnight offering of its Series A preferred shares, raising $142.6 million in gross proceeds.
• The net proceeds will be deployed to invest in a diversified portfolio of dividend‑yielding Canadian equities.
• The preferred shares carry a 7.00% annual cumulative monthly cash dividend and are redeemable at the original $10 issue price on or about December 1, 2029, with possible five‑year extensions.

Key Details

• Offering Size: Gross proceeds of $142.6 million; net proceeds to be used for portfolio investments.
• Security: Preferred Shares (TSX: DFN.PR.A) – Series A, trading under the existing symbol DFN.PR.A on the Toronto Stock Exchange.
• Lead Manager: National Bank Financial Inc. acted as lead underwriter for the transaction.
• Dividend Rate: Fixed cumulative preferential monthly cash dividend of 7.00% per annum based on the original $10 issue price.
• Redemption Terms: Redemption at the original $10 issue price on or about December 1, 2029, subject to possible five‑year extensions (historically exercised).

• Use of Proceeds: Investment in an actively managed portfolio of dividend‑yielding Canadian companies, including but not limited to:

• Financials: Bank of Montreal, Bank of Nova Scotia, BCE Inc., CIBC, Royal Bank of Canada, Toronto‑Dominion Bank, National Bank of Canada, Sun Life Financial.

• Energy & Infrastructure: Enbridge Inc., TC Energy, TransAlta Corporation.

• Insurance/Other: Manulife Financial Corp., TELUS Corporation, Thomson Reuters Corp.

• Regulatory References: Investors directed to the prospectus supplement to the Company’s short‑form base shelf prospectus dated September 6, 2024 (amended November 21, 2025) for full terms and risks.

• Contact Information: Dividend 15 Split Corp. Investor Relations – phone: 416‑304‑4443; toll‑free: 1‑877‑4‑Quadra (1‑877‑478‑2372); website: www.dividend15.com.