Renewal of the North American Financial 15 Split Corp. market share program.

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TORONTO, Aug. 09, 2022 (GLOBE NEWSWIRE) — North American Financial 15 Split Corp. (the “Company”) announces that it has renewed its stock market program (“ATM Program”) which allows the Company to issue shares of the Company to the public from time to time at the discretion of the Company, effective until September 9, 2024, unless terminated before that date by the Company. This ATM program replaces the previous program established in April 2022 which has ended. All Class A Shares or Preferred Shares sold under the ATM Program will be sold through the facilities of the Toronto Stock Exchange (the “TSX”) or any other market in Canada on which the Class A Shares and preferred shares are listed, quoted or otherwise traded at the market price prevailing at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of a share distribution agreement dated August 8, 2022 with National Bank Financial Inc. (the agent “).

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Sales of Class A Shares and Preferred Shares will be made by means of “at-the-market distributions” as defined in NI 44-102. On-shelf distribution on the TSX or any market for Class A Shares and Preferred Shares in Canada. Since Class A Shares and Preferred Shares will be distributed at prevailing market prices at the time of sale, prices may vary between purchasers during the distribution period. The ATM program is offered under a prospectus supplement dated August 8, 2022 to the Company’s short form base shelf prospectus dated August 8, 2022. The maximum gross proceeds from the issuance of the shares will be $350,000,000. Copies of the Prospectus Supplement and the Short Form Base Shelf Prospectus may be obtained from your registered financial adviser using the contact information of such adviser, or from the Agent’s representatives and are available on SEDAR at www.sedar.com.

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The size and timing of ATM Program distributions, if any, will be determined at the sole discretion of the Company. The Company intends to use the proceeds from the ATM program in accordance with the Company’s investment objectives and strategies, subject to the Company’s investment restrictions.

The Company invests primarily in a high quality portfolio of 15 financial services companies comprised of Canadian and US issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial Inc., Great-West Lifeco Inc., CI Financial Corp, Bank of America Corp., Citigroup Inc., Goldman Sachs Group, Inc., JP Morgan Chase & Co and Wells Fargo & Company.

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Certain statements included in this press release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions in the as they relate to the Company. Forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the uncertainty inherent in them. The Company undertakes no obligation to publicly update or otherwise revise any forward-looking statement or information, whether as a result of new information, future events or other factors that affect such information, except as required by law. requires it. 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. Please read the Company’s public documents which are available at www.sedar.com

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