Wed Sep 18 20:27:00 UTC 2024: ## US Financial 15 Split Corp. Maintains Preferred Share Dividend Rate
**TORONTO, Sept. 18, 2024** – US Financial 15 Split Corp. (the “Company”) announced today that it will not change the dividend rate for its Preferred Shares for the upcoming six-year term commencing December 1, 2024. The dividend will remain at 10.00% annually, based on the net asset value per unit calculated at the end of the preceding month, with a maximum of $0.08333 per Preferred Share monthly or $1.00 per annum. This rate aligns with market yields for preferred shares with similar terms.
The Company previously announced on March 12, 2024, that it would extend the termination date for a further six years, from December 1, 2024 to December 1, 2030. In conjunction with this extension, the Company offers a retraction right for shareholders who do not wish to continue holding their investment. Shareholders can tender any or all classes of shares and receive a retraction price based on the November 29, 2024 net asset value per unit. Alternatively, shareholders can sell their shares at the market price, potentially achieving a higher price than through retraction. They can also choose to take no action and continue holding their shares.
US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies, including American Express, Bank of America, Citigroup, and Wells Fargo.
The Company acknowledges that certain statements included in this release may constitute forward-looking statements. These statements reflect the Company’s current expectations but are subject to various risks and uncertainties. Investors should not rely solely on these statements due to the inherent uncertainties involved. The Company does not undertake any obligation to update these statements.
**Investors are advised to carefully read the Company’s publicly filed documents available on http://www.sedarplus.com before making any investment decisions.**
First Piper 