On June 19, 2025, Dividend 15 Split Corp. II announced a new at-the-market (ATM) equity offering of Preferred Shares and Class A Shares, each with an aggregate market value of up to $175 million, for a combined total of $350 million. The shares will be sold through National Bank Financial Inc., acting as the sole agent under an equity distribution agreement. The offering will be made in accordance with National Instrument 44-102 and executed directly on the Toronto Stock Exchange (TSX) or other Canadian trading platforms at prevailing market prices. The Preferred Shares and Class A Shares are listed under TSX symbols “DF.PR.A” and “DF,” respectively. As of June 13, 2025, the net asset value per unit was $16.63, with the Preferred Shares trading at $10.73 and Class A Shares at $6.10 on June 18. The Preferred Shares are rated Pfd-3 (low) by DBRS. The Company will pay the Agent a commission of up to 2.5% of the gross sale price per share sold. Legal counsel for the Company is Blake, Cassels & Graydon LLP, and Osler, Hoskin & Harcourt LLP advises the Agent. The offering proceeds will be used to support the Company’s investment strategy.