Financial 15 Split Corp. Announces Overnight Offering of Preferred Shares

June 16, 2026 - 21:45

TORONTO -- Financial 15 Split Corp. announced it will proceed with an overnight offering of its Preferred Shares, listed on the TSX under the ticker FTN.PR.A. The company, which maintains a high-quality portfolio concentrated in North American financial services firms, said the offering will be managed by National Bank Financial Inc.

The sales period for the offering is set to conclude at 8:30 a.m. EST on June 17, 2026. The transaction is expected to close on or about June 24, 2026, pending customary conditions. The company did not disclose the specific size or pricing terms of the offering in the initial announcement.

This move allows Financial 15 Split Corp. to raise capital quickly through a short-duration sale window, a common approach for split share corporations looking to adjust their capital structure or fund new investments. The preferred shares offer a distinct class of equity with priority over common shares in terms of dividend payments and asset distribution.

The offering comes as the financial services sector continues to navigate a shifting interest rate environment. Investors will be watching for final pricing details and the company's intended use of the proceeds. The company has not yet commented on whether existing shareholders will have participation rights in the offering.