North American Financial 15 Split Corp. Regular Monthly Dividend Declaration for Preferred Share
July 18 2023 - 8:00AM
North American Financial 15 Split Corp. (The "Company") declares
its regular monthly distribution of $0.06458 for each Preferred
share ($0.775 annually). Distributions are payable August 10, 2023
to shareholders on record as at July 31, 2023.
There will not be a distribution paid to the
Class A Shares for July 31, 2023 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 $16.04 per share and Preferred shareholders
have received a total of $10.41 per share inclusive of this
distribution, for a combined total of $26.45.
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) |
$0.06458 |
Record Date: |
July 31,
2023 |
Payable Date: |
August 10,
2023 |
|
|
Investor Relations: 1-877-478-2372 |
Local: 416-304-4443 |
www.financial15.com |
info@quadravest.com |
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