FTN.PR.A Financial 15 Split Corp

Financial 15 Split Corp. (the "Company") is pleased to announce that it has
completed the overnight marketing of up to 1,352,000 Preferred Shares and up to
1,352,000 Class A Shares. Total proceeds of the offering are expected to be
approximately $25 million. The Company has granted the Dealers an overallotment
of 202,800 units if exercised, bringing the total to $28.7 million. The offering
was co-led by National Bank Financial Inc., CIBC World Markets Inc. and RBC
Capital Markets and also included BMO Nesbitt Burns Inc., Canaccord Genuity Corp
and GMP Securities L.P. The sales period of this overnight offering has now
ended.


The Preferred Shares will be offered at a price of $10.00 per Preferred Share to
yield 5.25% and the Class A Shares will be offered at a price of $8.50 per Class
A Share to yield 17.7%. The closing price of each of the Preferred Shares and
the Class A Shares on October 30, 2013 on the TSX was $10.07 and $9.28,
respectively.


The proceeds of the secondary offering, net of expenses and the Agents' fee,
will be used by the Company to invest in a high quality portfolio consisting of
15 financial services companies made up of Canadian and U.S. issuers as follows:




Bank of Montreal          National Bank of Canada   Bank of America Corp.   
                          Manulife Financial                                
The Bank of Nova Scotia   Corporation               Citigroup Inc.          
Canadian Imperial Bank of Sun Life Financial                                
Commerce                  Services of Canada Inc.   Goldman Sachs Group Inc.
Royal Bank of Canada      Great-West Lifeco Inc.    JP Morgan Chase & Co.   
The Toronto-Dominion Bank CI Financial Corp.        Wells Fargo & Co.       



The Company's investment objectives are:

Preferred Shares:



i.  to provide holders of the Preferred Shares with fixed, cumulative
    preferential monthly cash dividends in the amount of $0.04375 per
    Preferred Share to yield 5.25% per annum on the original issue price;
    and 
ii. on or about the termination date, currently December 1, 2015 (the
    "Termination Date"), to pay the holders of the Preferred Shares $10.00
    per Preferred Share, which was the original issue price of the Preferred
    Shares. 



Class A Shares:



i.  to provide holders of the Class A Shares with regular monthly cash
    dividends initially targeted to be $0.10 per Class A Share to yield 8.0%
    per annum on the original issue price of the Class A Shares, and
    currently targeted to be $0.1257 per Class A Share; 
ii. on or about Termination Date, to pay the holders of Class A Shares
    $15.00 per Class A Share, which was the original issue price of the
    Class A Shares. 



The Company will today file an amended and restated short form preliminary
prospectus in each of the provinces of Canada with respect to the offering. The
offering is only made by prospectus. The prospectus contains detailed
information about securities being offered. A copy of the amended and restated
preliminary short form prospectus is available from one of the agents listed
above. Investors should read the prospectus before making an investment
decision.


Commissions, trailing commissions, management fees and expenses all may be
associated with mutual fund investments. Investors should read the prospectus
before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Financial 15 Split Corp.
Investor Relations
416-304-4443
Toll free at 1-877-4-Quadra (1-877-478-2372)
www.financial15.com

Grafico Azioni Financial 15 Split (TSX:FTN.PR.A)
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Da Gen 2025 a Feb 2025

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