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On September 9, 2024, North American Financial 15 Split Corp. announced a CAD 350 million at-the-market (ATM) offering of Preferred and Class A Shares, set to close on October 6, 2026. The offering, managed by National Bank Financial Inc., aims to support the company’s investment in a diversified portfolio of financial services companies.
The shares, listed on the TSX under "FFN.PR.A" and "FFN," will be sold at prevailing market prices. Legal counsel includes Blake, Cassels & Graydon LLP for the company and Osler, Hoskin & Harcourt LLP for the agent.
This offering aligns with the company’s strategy to enhance liquidity and investor returns.
Parties
Company
North American Financial 15 Split Corp.
Bank
National Bank Financial Inc.
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
$ 350,000,000Deal Status
ActiveClosing Date