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North American Financial 15 Split Corp. Revamped Market Share Program

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TORONTO, Oct. September 4, 2021 (GLOBE NEWSWIRE) – North American Financial 15 Split Corp. (the “Company”) announces that it has renewed its market capital program (“ATM Program”) that allows the Company to issue Company shares to the public from time to time at the Company’s discretion, effective through August 6, 2022 unless terminated by the Company prior to such date. This ATM program replaces the previous program established in May 2021 that has ended. All Class A or Preferred Shares sold on the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other market in Canada where the Class A Shares and Preferred Shares are listed. , are listed 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 September 30, 2021 with National Bank Financial Inc. (the “Agent”).

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Sales of Class A Shares and Preferred Shares will be made through “market distributions” as defined in National Instrument 44-102. Shelving layouts 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 market prices prevailing at the time of sale, prices may vary between buyers during the distribution period. The ATM Program is offered pursuant to a supplemental prospectus dated September 30, 2021 to the Company’s shortened platform prospectus dated July 3, 2020 (as amended on September 27, 2021) . The maximum gross proceeds from the issuance of the shares will be $ 350,000,000. Copies of the Prospectus Supplement and Base Shelf Prospectus in abbreviated format can be obtained from your registered financial advisor using the contact information for that advisor, or the agent’s representatives and are available from SEDAR at www.sedar.com.

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The volume and timing of distributions under the ATM program, if applicable, 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 investment strategies, subject to the Company’s investment restrictions.

The Company invests in a high-quality portfolio consisting 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 terms “expect”, “intend”, “will” and similar expressions as they relate to the company. Forward-looking statements are not historical facts, but rather 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. While 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 inherent uncertainty of the same. The Company assumes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events, or other factors affecting this information, except as required by law. Fees, final fees, management fees, and expenses can all 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 repeat itself. Read the Company’s publicly archived documents that are available at www.sedar.com

Investor Relations: 1-877-478-2372 Local: 416-304-4443 www.financial15.com [email protected]

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