{"id":414879,"date":"2021-01-14T08:22:29","date_gmt":"2021-01-14T13:22:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=414879"},"modified":"2021-01-14T08:22:29","modified_gmt":"2021-01-14T13:22:29","slug":"financial-15-split-corp-completes-overnight-offering-of-52707900","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/financial-15-split-corp-completes-overnight-offering-of-52707900\/","title":{"rendered":"Financial 15 Split Corp Completes Overnight Offering of $52,707,900"},"content":{"rendered":"
\n

\n
\n A high quality portfolio consisting of 15 North American Financial Services Companies<\/em>
\n <\/strong>\n <\/p>\n

TORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) — Financial 15 Split Corp. (the \u201cCompany\u201d) is pleased to announce it has completed the overnight offering of 2,642,000 Preferred Shares and 2,642,000 Class A Shares of the Company. Total gross proceeds of the offering were $52.7 million, bringing the Company\u2019s net assets to approximately $407.7 million. The shares will trade on the Toronto Stock Exchange under the existing symbols of FTN.PR.A (Preferred Shares) and FTN (Class A Shares).<\/p>\n

The Preferred Shares were offered at a price of $10.15 per Preferred Share to yield 6.7% and the Class A Shares were offered at a price of $9.80 per Class A Share to yield 15.4%.<\/p>\n

The offering was co-led by National Bank Financial Inc., CIBC World Markets Inc., Scotia Capital Inc. and RBC Capital Markets, and also included BMO Capital Markets, Canaccord Genuity Corp., Industrial Alliance Securities Inc., Richardson Wealth Limited, Raymond James Ltd., Desjardins Securities Inc., Hampton Securities, Mackie Research Capital Corporation, and Manulife Securities Incorporated.<\/p>\n

The net proceeds of the offering will be used by the Company to invest in an actively managed, high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows:<\/p>\n\n\n\n\n\n\n
Bank of Montreal<\/td>\nNational Bank of Canada<\/td>\nBank of America Corp.<\/td>\n<\/tr>\n
The Bank of Nova Scotia<\/td>\nManulife Financial Corporation<\/td>\nCitigroup Inc.<\/td>\n<\/tr>\n
Canadian Imperial Bank of Commerce<\/td>\nSun Life Financial Services of Canada Inc.<\/td>\nGoldman Sachs Group Inc.<\/td>\n<\/tr>\n
Royal Bank of Canada<\/td>\nGreat-West Lifeco Inc.<\/td>\nJP Morgan Chase & Co.<\/td>\n<\/tr>\n
The Toronto-Dominion Bank<\/td>\nCI Financial Corp.<\/td>\nWells Fargo & Co.<\/td>\n<\/tr>\n<\/table>\n

\n Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus supplement to the Company\u2019s short form base shelf prospectus dated November 2, 2017 before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Please read the Company\u2019s publicly filed documents which are available at <\/em>
\n
\n
\n www.sedar.com<\/u>
\n <\/em>
\n <\/a>
\n .<\/em>
\n \n <\/p>\n

\ufeffFor further information, please contact Financial 15 Split Corp. Investor Relations at 416-304-4443 Toll free at 1-877-4-Quadra (1-877-478-2372) or visit www.financial15.com<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

A high quality portfolio consisting of 15 North American Financial Services Companies TORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) — Financial 15 Split Corp. (the \u201cCompany\u201d) is pleased to announce it has completed the overnight offering of 2,642,000 Preferred Shares and 2,642,000 Class A Shares of the Company. Total gross proceeds of the offering were $52.7 million, bringing the Company\u2019s net assets to approximately $407.7 million. The shares will trade on the Toronto Stock Exchange under the existing symbols of FTN.PR.A (Preferred Shares) and FTN (Class A Shares). The Preferred Shares were offered at a price of $10.15 per Preferred Share to yield 6.7% and the Class A Shares were offered at a price of $9.80 per Class A Share to … <\/p>\n

Continue reading “Financial 15 Split Corp Completes Overnight Offering of $52,707,900”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-414879","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFinancial 15 Split Corp Completes Overnight Offering of $52,707,900 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/financial-15-split-corp-completes-overnight-offering-of-52707900\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial 15 Split Corp Completes Overnight Offering of $52,707,900 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"A high quality portfolio consisting of 15 North American Financial Services Companies TORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) — Financial 15 Split Corp. (the \u201cCompany\u201d) is pleased to announce it has completed the overnight offering of 2,642,000 Preferred Shares and 2,642,000 Class A Shares of the Company. Total gross proceeds of the offering were $52.7 million, bringing the Company\u2019s net assets to approximately $407.7 million. The shares will trade on the Toronto Stock Exchange under the existing symbols of FTN.PR.A (Preferred Shares) and FTN (Class A Shares). 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