Financial 15 Split Corp. (FTN.TO) will undertake an offering of preferred shares (TSX: FTN.PR.A) of the company, it said Tuesday, adding the offering will be led by National Bank Financial Inc.
The preferred shares will be offered at a price of $10.78 each, FTN said, while noting the closing price on the TSX of the preferred shares on June 15, 2026 was $10.84.
The net proceeds of the offering will be used by the company to invest in an actively managed, high-quality portfolio primarily consisting of financial services companies made up of Canadian and U.S. issuers, it added.
FTN was last seen up $0.17 or 1.5% at $11.21.
Price: $11.21, Change: $+0.17, Percent Change: +1.54%