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

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

Financial 15 Split Corp. completed an overnight offering of preferred shares, raising approximately $107.8 million. The funds will be invested in a portfolio of high-quality North American financial services companies, including major banks and insurers from Canada and the U.S. The preferred shares offer fixed, cumulative monthly dividends at an annual rate of 7.25%, with a minimum of 6.00% until 2030, and a redemption price of $10 per share at maturity around December 2030. The offering is led by National Bank Financial and is expected to close by June 24, 2026, pending TSX approval.

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