North American Financial 15 Split Corp.: Regular Monthly Dividend Declaration for Preferred Share

TORONTO, Sept. 18, 2020 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.04583 for each Preferred share ($0.550 annually).

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GlobeNewswire, Inc.

Retrieved on:

Friday, September 18, 2020

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Tags:

Financial markets, Financial economics, Stock market, Corporate finance, Equity securities, Dividends, Shareholders, Preferred stock

Geotags:

Toronto, Ön

Organisation:

NORTH AMERICAN FINANCIAL 15 SPLIT CORP

Summary

Key Points:

TORONTO, Sept. 18, 2020 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.04583 for each Preferred share ($0.550 annually).
Distributions are payable October 9, 2020 to shareholders on record as at September 30, 2020.
There will not be a distribution paid to the Class A Shares for September 30, 2020 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 $13.89 per share and Preferred shareholders have received a total of $8.45 per share inclusive of this distribution, for a combined total of $22.34.

TORONTO, Sept. 18, 2020 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.04583 for each Preferred share ($0.550 annually). Distributions are payable October 9, 2020 to shareholders on record as at September 30, 2020.

There will not be a distribution paid to the Class A Shares for September 30, 2020 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 $13.89 per share and Preferred shareholders have received a total of $8.45 per share inclusive of this distribution, for a combined total of $22.34.

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)	$0.04583
Ex-Dividend Date:	September 29, 2020
Record Date:	September 30, 2020
Payable Date:	October 9, 2020

Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.financial15.com
[email protected]