Financial 15 Split Corp. Completes Overnight Offering of $107,800,000

Executive Summary

• Completed an overnight offering of Preferred Shares (TSX: FTN.PR.A) generating $107.8 million in total gross proceeds.
• Net proceeds will be deployed into an actively managed portfolio comprising 15 major Canadian and U.S. financial services institutions.
• The offering establishes a fixed, cumulative monthly dividend rate of 7.25% annually (with a 6.00% floor until 2030) and a scheduled redemption value of $10.00 per share on or about December 1, 2030.

Key Details

• Gross Proceeds: $107.8 million
• Security & Ticker: Preferred Shares trading under existing symbol FTN.PR.A on the Toronto Stock Exchange
• Lead Underwriter: National Bank Financial Inc.
• Use of Proceeds: Investment in an actively managed, high-quality portfolio of financial services companies, specifically: Bank of Montreal, National Bank of Canada, Bank of America Corp., The Bank of Nova Scotia, Manulife Financial Corporation, Citigroup Inc., Canadian Imperial Bank of Commerce, Sun Life Financial Inc., Goldman Sachs Group Inc., Royal Bank of Canada, Great-West Lifeco Inc., JP Morgan Chase & Co., The Toronto-Dominion Bank, and Wells Fargo & Co.
• Dividend Terms: Fixed, cumulative monthly dividends at an annual rate of 7.25%, determined annually by the Board of Directors, subject to a minimum rate of 6.00% until 2030
• Redemption/Termination: $10.00 per Preferred Share payable on or about December 1, 2030, subject to further 5-year extensions thereafter
• Prospectus Reference: Short form base shelf prospectus dated January 20, 2026