An anonymous director reports

DIVIDEND 15 SPLIT CORP. ANNOUNCES OVERNIGHT OFFERING OF PREFERRED SHARES

Dividend 15 Split Corp. will undertake an offering of preferred shares of the company. The offering will be led by National Bank Financial Inc.

The sales period of this overnight offering will end at 8:30 a.m. EST on Jan. 16, 2026. The offering is expected to close on or about Jan. 23, 2026, and is subject to certain closing conditions, including approval by the Toronto Stock Exchange.

The preferred shares will be offered at a price of $10.45 per preferred share.

The closing price on the TSX of the preferred shares on Jan. 14, 2026, was $10.52.

Since inception of the company, the aggregate dividends paid on the preferred shares have been $11.75 per share. All distributions paid to date have been made in tax-advantaged eligible Canadian dividends.

The net proceeds of the offering will be used by the company to invest in an actively managed, high-quality portfolio consisting of dividend-yielding Canadian companies as follows:

• Bank of Montreal;
• Bank of Nova Scotia;
• BCE Inc.;
• Canadian Imperial Bank of Commerce;
• Enbridge Inc.;
• Manulife Financial Corp.;
• National Bank of Canada;
• Royal Bank of Canada;
• Sun Life Financial Inc.;
• TC Energy;
• Telus Corp.;
• Thomson Reuters Corp.;
• Toronto-Dominion Bank;
• TransAlta Corp.

The company's preferred share investment objectives are to:

1. Provide holders with fixed, cumulative preferential monthly cash dividends in the amount of 7.00 per cent annually based on original $10 issue price;
2. On or about the termination date, currently Dec. 1, 2029 (subject to further five-year extensions and it has been extended in the past), to pay holders the original $10 issue price of those shares.

A prospectus supplement to the company's short-form base shelf prospectus dated Sept. 6, 2024, as amended Nov. 21, 2025, containing important detailed information about the preferred shares and the Class A shares being offered will be filed with securities commissions or similar authorities in all provinces of Canada. Copies of the prospectus supplement and the short-form base shelf prospectus may be obtained from your registered financial adviser using the contact information for such adviser or from representatives of the agents. There will not be any sale or any acceptance of an offer to buy the securities being offered until the prospectus supplement has been filed with the securities commissions or similar authorities in each of the provinces of Canada.