North American Financial 15 Split Corp. announces $350 million ATM offering

Company

North American Financial 15 Split Corp.

Law Firm / Organization
Blake, Cassels & Graydon LLP

Bank

National Bank Financial Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

On September 9, 2024, North American Financial 15 Split Corp. announced a CAD 350 million at-the-market (ATM) offering of Preferred and Class A Shares, set to close on October 6, 2026. The offering, managed by National Bank Financial Inc., aims to support the company’s investment in a diversified portfolio of financial services companies.

The shares, listed on the TSX under "FFN.PR.A" and "FFN," will be sold at prevailing market prices. Legal counsel includes Blake, Cassels & Graydon LLP for the company and Osler, Hoskin & Harcourt LLP for the agent.

This offering aligns with the company’s strategy to enhance liquidity and investor returns.

Public/Private Offering
Banking/Finance
$ 350,000,000
Active