TORONTO, ONTARIO--(Marketwired - June 4, 2014) - US Financial 15 Split Corp. (the "Company") announces all FTU.WT.B 2014 warrants were exercised for total gross proceeds of $11.9 million bringing the Company's net assets to approximately $25.9 million.
For every warrant exercised, holders received one Preferred Share and one Class A Share of the Company. The warrants expired on June 2, 2014. The proceeds from the warrant exercise are being used by the Company to invest in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.