Dividend 15 Split Corp. Announces Successful Overnight Offering of Preferred Shares

On January 16, 2026, Dividend 15 Split Corp. announced the successful completion of its overnight offering of Preferred Shares, generating an impressive approximate total of $142.6 million in gross proceeds. The offering, led by National Bank Financial Inc., underscores the company's commitment to providing attractive investment opportunities in high-quality Canadian companies that deliver steady dividends.

The Preferred Shares, listed on the Toronto Stock Exchange under the ticker DFN.PR.A, were priced at $10.45 each, slightly below their closing price of $10.53 on January 15, 2026. The expected closing date for this offering is around January 23, 2026, pending approval from the TSX and fulfillment of other customary closing conditions.

The funds raised will be strategically allocated to an actively managed portfolio featuring well-established Canadian firms renowned for their dividend yields. Notable companies in the portfolio include Bank of Montreal, BCE Inc., Royal Bank of Canada, and Enbridge Inc., among others. This diversified approach aims to provide investors with stable returns through fixed, cumulative monthly cash dividends, with an annual yield of 7.00% based on the original $10 share price.

Moreover, the company plans to return the original investment amount to shareholders upon the termination of the Preferred Shares, currently set for December 1, 2029, with potential extensions. A detailed prospectus supplement, as part of the company’s short form base shelf prospectus initially filed in September 2024 and updated in November 2025, will provide investors with critical information regarding the offering.

For more information, investors are encouraged to contact Dividend 15 Split Corp. Investor Relations or visit their official website.

Dividend 15 Split Corp. has successfully completed an overnight offering of Preferred Shares, raising approximately $142.6 million. The Preferred Shares, priced at $10.45, offer a compelling investment opportunity, especially given the underlying portfolio of dividend-yielding Canadian blue-chip companies. With the closing price on January 15, 2026, at $10.53, the shares are trading slightly above the offering price, indicating a robust demand and market confidence.

The investment strategy of Dividend 15 Split Corp. revolves around a diversified portfolio, including high-quality entities like Bank of Montreal, Enbridge, and Royal Bank of Canada. This strategy is grounded in the pursuit of providing fixed, cumulative monthly cash dividends at an annual rate of 7.00% based on the original issue price of $10. This return is attractive in a low-interest-rate environment, especially for income-focused investors seeking stable cash flow and capital preservation.

The offering proceeds are earmarked for enhancing the existing portfolio, which is a prudent move, as investing in dividend aristocrats can offer stability during market volatility. The regular monthly distribution aligns well with the preferences of income investors, while the capital return at the end of the investment term adds an additional layer of security.

However, prospective investors should consider the risks associated with capital markets and the reliance on the underlying companies' performance. The terms of the offering, including the potential extension of the termination date beyond December 2029, provide some latitude for management to navigate market fluctuations strategically.

Overall, Dividend 15 Split Corp.’s recent offering presents an appealing opportunity for dividend-seeking investors, provided they are well-informed about the associated risks and market dynamics. Investors are encouraged to assess their portfolio needs and consult with financial advisors regarding the suitability of this investment.