TORONTO, ONTARIO — (Marketwired) — 04/04/13 — US Financial 15 Split Corp. (the “Company”) announces a total of 1,971,600 FTU.WT.A 2013 Warrants were exercised at $5.15 each for total gross proceeds of $10,153,740 bringing the Company-s net assets to approximately $19 million.
For every Warrant exercised, holders received one Preferred Share and one Class A Share of the Company. The Warrants expired on March 27, 2013. The net asset value per unit after giving effect to the warrant exercise was $5.49 as at March 28, 2013.
The proceeds from the Warrant exercise are being used by the Company to invest in common shares of 15 U.S. Financial Services Companies.
Contacts:
US Financial 15 Split Corp.
Investor Relations
416-304-4443 or Toll Free at 1-877-4-Quadra (1-877-478-2372)