Financial 15 Split Corp. Announces Follow-on Offering

Financial 15 Split Corp. (the "Company") is pleased to announce it has filed a
short form prospectus in each of the provinces of Canada with respect to an
additional offering of Preferred Shares and Class A Shares of the Company. The
offering will be co-led by National Bank Financial Inc., CIBC World Markets Inc.
and RBC Capital Markets.


The Preferred Shares will be offered at a price of $10.00 per Preferred Share to
yield 5.25% and the Class A Shares will be offered at a price of $9.60 per Class
A Share to yield 15.71%. The closing price of each of the Preferred Shares and
the Class A Shares on January 8, 2014 on the TSX was $10.06 and $10.20,
respectively.


The proceeds of the secondary offering, net of expenses and the underwriters'
fee, will be used by the Company to invest in a high quality portfolio
consisting of 15 financial services companies made up of Canadian and U.S.
issuers as follows:




Bank of Montreal            National Bank of Canada    Bank of America Corp.
The Bank of Nova Scotia     Manulife Financial         Citigroup Inc.       
Canadian Imperial Bank of    Corporation               Goldman Sachs Group  
 Commerce                   Sun Life Financial          Inc.    
Royal Bank of Canada         Services of Canada Inc.   JP Morgan Chase & Co.
The Toronto-Dominion Bank   Great-West Lifeco Inc.     Wells Fargo & Co. 
                            CI Financial Corp.              



The Company's investment objectives are:

Preferred Shares:



i.  to provide holders of the Preferred Shares with fixed, cumulative
    preferential monthly cash dividends in the amount of $0.04375 per
    Preferred Share to yield 5.25% per annum on the original issue price;
    and 
ii. on or about the termination date, currently December 1, 2015 (the
    "Termination Date"), to pay the holders of the Preferred Shares $10.00
    per Preferred Share, which was the original issue price of the Preferred
    Shares. 



Class A Shares:



i.  to provide holders of the Class A Shares with regular monthly cash
    dividends initially targeted to be $0.10 per Class A Share to yield 8.0%
    per annum on the original issue price of the Class A Shares, and
    currently targeted to be $0.1257 per Class A Share; 
ii. on or about Termination Date, to pay the holders of Class A Shares
    $15.00 per Class A Share, which was the original issue price of the
    Class A Shares. 



The Company is currently scheduled to terminate on December 1, 2015. The Company
intends to seek shareholder approval to extend the Termination Date initially to
December 1, 2020, and thereafter for additional terms of five years each at the
discretion of Quadravest Capital Management Inc., as the manager of the Company.
In conjunction with such extension, if approved, shareholders would be offered a
special retraction right which would allow them to exit their investment in the
Company on the same basis as if the Company were to terminate on its otherwise
scheduled Termination Date. Further information regarding the term extension
will be provided at the time meetings of shareholders are called to consider
and, if deemed acceptable, approve the extension.


The sales period of this overnight offering will end at 9:00 a.m. EST on January
10, 2014.


A copy of the preliminary short form prospectus is available from the syndicate
of underwriters.


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.




FOR FURTHER INFORMATION PLEASE CONTACT: 
Financial 15 Split Corp.
Investor Relations
416-304-4443 or Toll free at 1-877-4-Quadra (1-877-478-2372)
www.financial15.com

Financial 15 Split (TSX:FTN.PR.A)
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