US Financial 15 Split Corp. Updates Preferred Share Dividends

No Changes to Dividend Rate for Preferred Shares

The US Financial 15 Split Corp. has confirmed that there will be no alterations to the Preferred Share dividend rate as the new term begins on December 1, 2024. Shareholders can anticipate a continuous annual dividend rate of 10.00%, calculated from the net asset value per unit at the close of the previous month. This translates to a monthly payment of $0.08333 per Preferred Share, culminating in an annual payout of $1.00. This rate aligns with the current market yields of similar preferred shares, ensuring that investors can maintain a stable income stream.

Extension of Termination Date

Previously, the Company announced that the termination date has now been extended by six more years, moving from December 1, 2024, to December 1, 2030. This extension opens up additional opportunities for shareholders. For those who may reconsider their investment, there’s an added retraction right available. Shareholders who do not wish to continue can submit for retraction on any or all classes of shares, receiving the retraction price based on the net asset value as of November 29, 2024. Another option is to sell shares on the market, where one might attain a higher price than through retraction. Alternatively, shareholders are free to maintain their holdings and continue benefitting from future dividends.

Investment Portfolio Overview

US Financial 15 boasts a diverse investment portfolio comprising 15 prominent U.S. financial services companies. Notable names in this portfolio include American Express, Bank of America, Bank of New York Mellon, Citigroup, CME Group, Fifth Third Bancorp, and Goldman Sachs. The lineup continues with giants such as J.P. Morgan Chase, Morgan Stanley, PNC Financial Services, Regions Financial, State Street, Truist Financial, U.S. Bancorp, and Wells Fargo. This strategic selection aims to leverage the robust performance of established financial institutions.

Understanding Forward-Looking Statements

It’s important to note that certain statements may be forward-looking in nature. These statements are labeled by key phrases like "expect" and "intend" as they pertain to the Company’s goals and outlook. Such statements indicate anticipated future results and events but are not guaranteed outcomes. Various risks and uncertainties could lead actual results to vary significantly from these expectations. While the Company believes its assumptions are sensible, investors should approach these forward-looking perspectives with caution due to the unpredictable nature of the financial markets.

Contact Information for Shareholders

Shareholders with inquiries can reach out to US Financial 15 Split Corp. through its investor relations line at 1-877-478-2372 or locally at 416-304-4443. For further information, shareholders may visit the Company’s website at www.financial15.com. Alternatively, questions may be directed via email at info@quadravest.com. Proper investor communication is essential for maintaining transparency and fostering trust.

Frequently Asked Questions

What is the current dividend rate for the Preferred Shares?

The current dividend rate is maintained at 10.00% annually, translating to a monthly payment of $0.08333 per Preferred Share.

When does the new term for the Preferred Shares start?

The new term for the Preferred Shares begins on December 1, 2024, and has been extended until December 1, 2030.

What options do shareholders have regarding their shares?

Shareholders can choose to tender their shares for retraction, sell them on the market, or continue holding their shares.

Which companies are included in the US Financial 15 portfolio?

Major companies include American Express, Bank of America, Citigroup, Goldman Sachs, and Wells Fargo, among others.

How can shareholders get in touch with investor relations?

Shareholders can call investor relations at 1-877-478-2372 or visit the website for more details.

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