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Financial 15 Split Corp. Completes Overnight Offering of $34,508,740

TORONTO, ONTARIO -- (Marketwired) -- 01/24/14 -- Financial 15 Split Corp. (the "Company") is pleased to announce that it has completed an overnight offering of 1,760,650 Preferred Shares and 1,760,650 Class A Shares. Total gross proceeds of the offering were $34.5 million, bringing the Company's net assets to approximately $222 million. Shares will continue to trade on the Toronto Stock Exchange under the existing symbol FTN.PR.A (Preferred shares) and FTN (Class A shares).

The Preferred Shares were offered at a price of $10.00 per Preferred Share to yield 5.25% and the Class A Shares were offered at a price of $9.60 per Class A Share to yield 15.71%, based on the current distribution policy. The offering was co-led by National Bank Financial Inc., CIBC World Markets Inc. and RBC Capital Markets and also included BMO Nesbitt Burns Inc., GMP Securities L.P. and Canaccord Genuity Corp.

The proceeds of the secondary offering, net of expenses and the underwriters' fee, will be used by the Company to invest in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows:


Bank of Montreal          National Bank of Canada   Bank of America Corp.
The Bank of Nova Scotia   Manulife Financial        Citigroup Inc.
                          Corporation
Canadian Imperial Bank of Sun Life Financial        Goldman Sachs Group Inc.
Commerce                  Services of Canada Inc.
Royal Bank of Canada      Great-West Lifeco Inc.    JP Morgan Chase & Co.
The Toronto-Dominion Bank CI Financial Corp.        Wells Fargo & Co.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contacts:
Financial 15 Split Corp.
Investor Relations
416-304-4443 Toll free at 1-877-4-Quadra (1-877-478-2372)
www.financial15.com

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