Dividend 15 Split Corp. Completes Overnight Offering of $142,642,500

Dividend 15 Split Corp. recently announced the successful completion of an overnight offering of Preferred Shares, raising a substantial $142,642,500. The Preferred Shares, which trade under the ticker symbol DFN.PR.A on the Toronto Stock Exchange, are aimed at providing investors with a reliable income stream through fixed, cumulative monthly cash dividends of 7.00% annually, based on the original issue price of $10 per share. The offering was spearheaded by National Bank Financial Inc., a notable participant in the capital markets.

The funds generated from this offering will be utilized to enhance an actively managed portfolio composed of dividend-yielding Canadian companies. This portfolio includes well-established firms such as the Bank of Montreal, Enbridge Inc., TC Energy, the Bank of Nova Scotia, Manulife Financial Corp., TELUS Corporation, BCE Inc., National Bank of Canada, Thomson Reuters Corp., Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, Sun Life Financial Inc., and TransAlta Corporation.

Investors in the Preferred Shares can anticipate their original investment to be returned on or about the termination date of December 1, 2029, with the possibility of a five-year extension, reflecting the company’s history of doing so in the past. Potential investors are encouraged to thoroughly review the prospectus supplement to the Company’s short form base shelf prospectus dated September 6, 2024, along with its subsequent amendments, to understand the associated risks and fees related to mutual fund investments.

This offering not only strengthens Dividend 15 Split Corp.'s financial footing but also reaffirms its commitment to delivering consistent returns to its investors. For further inquiries, interested parties can reach out to Dividend 15 Split Corp. Investor Relations.

Dividend 15 Split Corp. recently completed a significant overnight offering of Preferred Shares totaling $142.6 million, reinforcing its commitment to providing investors with attractive, stable income streams. As these shares commence trading under the symbol DFN.PR.A on the Toronto Stock Exchange, investors should consider both the potential benefits and risks associated with this investment opportunity.

The Company’s strategy involves an actively managed portfolio focusing on high-quality, dividend-yielding Canadian firms, including well-established entities like the Bank of Montreal, Enbridge, and Royal Bank of Canada. This diversified approach can mitigate risk, as the performance is not solely reliant on any single company. The targeted annual dividend yield of 7.00% per share presents an attractive income stream in the current low-interest-rate environment. Given that the dividends are cumulative and paid preferentially, this structure underscores the potential for consistent returns.

However, it’s pivotal for potential investors to acknowledge the inherent risks associated with mutual fund investments. Dividend yields can vary significantly based on market conditions, and past performance is not necessarily indicative of future results. Changes in the economic landscape, including interest rate fluctuations and changes in corporate profitability, can impact the value of the underlying portfolio and the dividends paid to shareholders.

Before making investment decisions, investors should meticulously review the prospectus and the Company’s publicly available documents on SEDAR+, as outlined in the offering announcement. The potential for a reliable income source through DFN.PR.A must be balanced against the understanding that, like all investments, there are risks involved. Assessing one’s risk tolerance and investment strategy is crucial prior to engaging in this offering. Overall, for income-focused investors with a tolerance for slight volatility, DFN.PR.A presents a compelling option worth considering.