North American Financial 15 Split Corp. Preferred Share Rate Increase
A high quality portfolio consisting of 15 North American Financial Services Companies
TORONTO, Sept. 21, 2023 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (the “Company”) is pleased to announce the Preferred Share dividend rate for the fiscal year beginning December 1, 2023, will increase by 1.75% over the current rate. Monthly payments to FFN.PR.A will be $0.07917 per share for an annual yield of 9.50% on their $10 redemption value.
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 Corporation | Citigroup Inc. |
| Canadian Imperial Bank of Commerce | Sun Life Financial Inc. | Goldman Sachs Group Inc. |
| Royal Bank of Canada | Great-West Lifeco Inc. | JP Morgan Chase & Co. |
| The Toronto-Dominion Bank | CI Financial Corp. | Wells Fargo & Co. |
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For further information, please contact Financial 15 Split Corp. Investor Relations at info@quadravest.com 416-304-4443 Toll free at 1-877-4-Quadra (1-877-478-2372) or visit www.financial15.com |
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