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Press release from Marketwire

Prime U.S. Banking Sector Split Corp. Announces Initial Public Offering

Tuesday, October 01, 2013

Prime U.S. Banking Sector Split Corp. Announces Initial Public Offering

15:35 EDT Tuesday, October 01, 2013

TORONTO, ONTARIO--(Marketwired - Oct. 1, 2013) - Prime U.S. Banking Sector Split Corp. ("The Company") is pleased to announce the filing of a preliminary prospectus dated September 30, 2013 for a proposed new offering. The offering is an investment in common shares of a portfolio consisting primarily of 15 U.S. financial services companies selected from a portfolio universe consisting of 20 companies. The Company will offer two investment choices: Priority Equity Shares at $10 per share and Class A shares at $10 per share.

The Company's Priority Equity Shares will provide holders with monthly cumulative preferential floating rate cash dividends at an annual rate of U.S. prime plus 1.75% (Min: 5.0% / Max: 7.0%) based on the original issue price.

The Company's Class A Shares offer regular monthly cash dividends initially targeted to be 6.5% per annum based on the original issue price. The Class A shares will be entitled on redemption to the benefit of any capital appreciation in the market price of the shares in the portfolio.

The Company has been created to provide investors with an opportunity to invest in a portfolio of 15 U.S. financial services companies whose shares will likely continue to benefit from an improving economy. The Company will employ a covered call writing strategy to generate additional income to the portfolio.

The 15 portfolio companies will be selected from a portfolio universe consisting of the following 20 companies:

American Express Company City National Corporation Northern Trust Corporation
Bank of America Corporation Fifth Third Bancorp The PNC Financial Services Group Inc.
The Bank of New York Mellon Corporation The Goldman Sachs Group, Inc. Regions Financial Corporation
BB&T Corporation JPMorgan Chase & Co. State Street Corporation
Capital One Financial Corp. KeyCorp. SunTrust Banks Inc.
Citigroup Inc. M&T Bank Corporation U.S. Bancorp
Morgan Stanley Wells Fargo & Company

The proposed offering is co-lead by RBC Capital Markets and CIBC World Markets Inc. The other members of the syndicate are BMO Capital Markets, National Bank Financial Inc., Scotiabank, TD Securities Inc., GMP Securities L.P., Raymond James Ltd., Canaccord Genuity Corp., Desjardins Securities Inc. and Mackie Research Capital Corporation.

Please visit our website at: www.primeusbanking.com

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Prime U.S. Banking Sector Split Corp.
Investor Relations
77 King Street West, Toronto, Ontario, M5K 1K7
416-304-4443 or 877-478-2372
info@quadravest.com
www.primeusbanking.com

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