North American Financial 15 Split Corp. Regular Monthly Dividend Declaration for Preferred Share
TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.06458 for each Preferred share ($0.775 annually). Distributions are payable December 8, 2023 to shareholders on record as at November 30, 2023.
There will not be a distribution paid to the Class A Shares for November 30, 2023 as per the Prospectus which states no regular monthly dividends will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $15.00.
Since inception Class A shareholders have received a total of $16.04 per share and Preferred shareholders have received a total of $10.67 per share inclusive of this distribution, for a combined total of $26.71.
The Company invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.
| Distribution Details | |
| Preferred Share (FFN.PR.A) | $0.06458 |
| Record Date: | November 30, 2023 |
| Payable Date: | December 8, 2023 |
Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.financial15.com
info@quadravest.com
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
