NORTH AMERICAN FINANCIAL 15 SPLIT CORP. Regular Monthly Dividend Declaration for Preferred Share

North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.05625 for each Preferred share ($0.675 annually). Distributions are payable August 10, 2022 to shareholders on record as at July 29, 2022.

There will not be a distribution paid to the Class A Shares for July 29, 2022 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 $15.70 per share and Preferred shareholders have received a total of $9.67 per share inclusive of this distribution, for a combined total of $25.37.

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)	$0.05625
Record Date:	July 29, 2022
Payable Date:	August 10, 2022