North American Financial 15 Split Corp. Increases Preferred Share Rate
A high quality portfolio consisting of 15 North American Financial Services Companies
TORONTO, Sept. 23, 2020 (GLOBE NEWSWIRE) --
North American Financial 15 Split Corp. (the “Companyâ€) is pleased to announce the Preferred Share dividend rate for the fiscal year beginning December 1, 2020. Monthly payments to the FFN.PR.A Preferred Share will be $0.05625 per Share for an annual yield of 6.75% on their $10 redemption value. This is an increase of one and a quarter 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 Services of Canada 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 North American Financial 15 Split Corp. Investor Relations at
416-304-4443 or Toll free at 1-877-4-Quadra (1-877-478-2372) or visitwww.financial15.com.
© 2020 GlobeNewswire, Inc. All Rights Reserved.