On December 20, 2023, Financial 15 Split Corp. announced an at-the-market (ATM) equity offering with a maximum potential of $400 million, split evenly between Preferred Shares and Class A Shares. The offering will remain open until January 20, 2026, or until the $400 million cap is met. This initiative is executed through an equity distribution agreement with National Bank Financial Inc., acting as agent. Each share class will be offered up to an aggregate market value of $200 million, with sales conducted on the Toronto Stock Exchange at market prices. National Bank Financial will receive a commission of up to 2.5% on gross sales proceeds. Legal counsel includes Blake, Cassels & Graydon LLP for Financial 15 Split Corp. and Osler, Hoskin & Harcourt LLP for National Bank Financial. The proceeds are primarily designated for reinvestment into a portfolio of high-dividend-yielding stocks from key Canadian and U.S. financial companies, aiming to boost shareholder returns. The ATM structure mitigates any dilution of net asset value, with flexibility to close early upon reaching the target amount.