19:20:26 EST Tue 29 Nov 2022
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North American Financial 15 Split Corp (2)
Symbol FFN
Shares Issued 49,706,863
Close 2022-04-19 C$ 7.04
Recent Sedar Documents

N.A. Financial 15 to pay distributions May 10

2022-04-20 13:40 ET - News Release

An anonymous director reports

NORTH AMERICAN FINANCIAL 15 SPLIT CORP. MONTHLY DIVIDEND DECLARATION FOR CLASS A & PREFERRED SHARE

North American Financial 15 Split Corp. has declared its regular monthly distribution of 11.335 cents for each Class A share ($1.3602 annualized) and 5.625 cents for each preferred share (67.5 cents annually). Distributions are payable May 10, 2022, to shareholders on record as at April 29, 2022.

Since inception, Class A shareholders have received a total of $15.70 per share and preferred shareholders have received a total of $9.50 per share, inclusive of this distribution, for a combined total of $25.20.

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, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corp., Sun Life Financial Inc., Great-West Lifeco Inc., CI Financial Corp., Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co., and Wells Fargo & Co.

Distribution details

Class A share (FFN):  11.335 cents

Preferred share (FFN.PR.A):  5.625 cents

Record date:  April 29, 2022

Payable date:   May 10, 2022

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