11:02 AM EDT, 09/23/2025 (MT Newswires) -- Canadian Banc ( CNDCF ) and Financial 15 Split ( FNNCF ) Tuesday said they intend to complete a share split of its class A shares. Shareholders will receive 10 additional class A shares for every 100 class A shares held. The shares are expected to start trading Sept. 26.

The shareholders of both companies will receive a 10% increase in total distributions through the issue of additional shares. Since inception, Canadian Banc ( CNDCF ) class A shareholders have received cash distributions of $24.26 per share, while Financial 15 shareholders have received $27.57 per share.

Share splits are subject to Toronto Stock Exchange approval.

Canadian Banc ( CNDCF ) shares are up $0.52, to $14.77, while Financial 15 shares are up $0.23, to $11.77, on the Toronto Stock Exchange.

Price: 14.75, Change: +0.50, Percent Change: +3.51