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Home/News Feed/Financial 15 Split Corp. raises $107.8M in preferred shares offering for North American financial stocks
BMO
$172.10
-$1.32 -0.76%

Financial 15 Split Corp. raises $107.8M in preferred shares offering for North American financial stocks

Company Fundamentals
24 Jun 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

Financial 15 Split Corp. completed an overnight offering of preferred shares, raising $107.8 million. The funds will be invested in a portfolio of high-quality North American financial services companies, including major Canadian and U.S. banks and insurers. The preferred shares offer fixed cumulative monthly dividends at an annual rate of 7.25%, with a minimum rate of 6.00% until 2030, and a redemption price of $10 per share around December 2030. This move supports the company's strategy to provide steady income to investors through exposure to strong financial sector stocks.

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