An anonymous director reports
NORTH AMERICAN FINANCIAL 15 SPLIT CORP. PREFERRED SHARE RATE INCREASE
North American Financial 15 Split Corp. has declared the preferred share dividend rate for the fiscal year beginning Dec. 1, 2022. Based on current market rates for preferred shares with similar terms, monthly payments to FFN.PR.A will be 6.458 cents per share for an annual yield of 7.75 per cent on their $10 redemption value. This is an increase of 1 per cent 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 United States issuers as shown in the attached table.
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