North American Financial 15 Split Corp. Preferred Share Rate Increase
September 28 2022 - 9:00AM
North American Financial 15 Split Corp. (the “Company”) is pleased
to announce the Preferred Share dividend rate for the fiscal year
beginning December 1, 2022. Based on current market rates for
preferred shares with similar terms, monthly payments to FFN.PR.A
will be $0.06458 per share for an annual yield of 7.75% on their
$10 redemption value. This is an increase of one percent over the
current rate.
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. |
For further information, please contact
Financial 15 Split Corp. Investor Relations
at416-304-4443 Toll free at 1-877-4-Quadra
(1-877-478-2372) or visit www.financial15.com
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