Financial 15 Split Corp. successfully closed a public offering of 8,700,000 Preferred Shares (TSX: FTN.PR.A) on November 25, 2025, raising gross proceeds of $92.2 million CAD. The offering was announced via agency agreement dated November 18, 2025.

The Preferred Shares were priced at $10.60 per share, with agents receiving a fee of $0.318 per share. Net proceeds totaled $89.3 million after deducting agents' fees and offering expenses capped at 1.5% of gross proceeds. The underwriting syndicate was led by National Bank Financial Inc., Scotia Capital Inc., CIBC World Markets Inc., and BMO Nesbitt Burns Inc., along with several other investment dealers. Blake, Cassels & Graydon LLP served as legal counsel to the company and its manager Quadravest Capital Management Inc., while McCarthy Tétrault LLP represented the agents.

Proceeds will be deployed into an actively managed portfolio of Canadian and U.S. financial services companies, including major banks such as Royal Bank of Canada, TD Bank, Bank of America, and JP Morgan Chase, as well as insurance companies including Manulife, Sun Life, and Great-West Lifeco.