On March 28, 2024, Dividend 15 Split Corp. announced an at-the-market equity offering, aiming to raise up to CAD 400 million by issuing Preferred Shares and Class A Shares, with CAD 200 million allocated per share class. This offering supports Dividend 15’s strategy of investing in a portfolio of 15 Canadian dividend-yielding companies. The shares will be sold at prevailing market prices on the TSX through National Bank Financial Inc., acting as the exclusive agent, who will receive a commission up to 2.5% on gross sales for each share class. Legal counsel for Dividend 15 was provided by Blake, Cassels & Graydon LLP, while National Bank Financial was advised by Osler, Hoskin & Harcourt LLP. The Toronto Stock Exchange has conditionally approved the additional listing of these shares, pending Dividend 15's fulfillment of TSX requirements. The offering will close on September 9, 2024, or sooner if the CAD 400 million cap is reached, or at the discretion of Dividend 15 and National Bank Financial under the terms of their agreement.