CORRECTION: North American Financial 15 Split Corp.

TORONTO, ONTARIO -- (Marketwired) -- 09/29/17 -- In the news release "Financial 15 Split Corp. II Preferred Share Rate Increase," issued earlier today by Financial 15 Split Corp. II (TSX: FFN)(TSX: FFN.PR.A), we are advised by the company that the name of the issuing company should read "North American Financial 15 Split Corp." rather than "Financial 15 Split Corp. II" as originally issued. Complete corrected text follows.

North American Financial 15 Split Corp. Preferred Share Rate Increase

TORONTO, ONTARIO--North American Financial 15 Split Corp. (the "Company") is pleased to announce the Preferred Share dividend rate for the fiscal year beginning December 1, 2017. Monthly payments to FFN.PR.A will be $0.04583 per share for an annual yield of 5.50% on their $10 redemption value. This is an increase of one quarter of one percent over the current rate.

The Company invests in an actively managed, 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.
                          Corporation
Canadian Imperial Bank    Sun Life Financial        Goldman Sachs Group Inc.
of Commerce               Services of Canada
Royal Bank of Canada      Great-West Lifeco Inc.    JP Morgan Chase & Co.
The Toronto-Dominion      CI Financial Corp.        Wells Fargo & Co.
Bank

Contacts:
North American Financial 15 Split Corp.
Investor Relations
416-304-4443 or Toll free at 1-877-4-Quadra (1-877-478-2372)
www.financial15.com

Source: North American Financial 15 Split Corp.

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