TORONTO, ONTARIO–(Marketwired – Sept. 20, 2016) – North American Financial 15 Split Corp. (The “Company”) declares its regular monthly distribution of $0.10000 for each Class A share ($1.20 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable October 7, 2016 to shareholders on record as at September 30, 2016.
Since inception Class A shareholders have received a total of $9.95 per share and Preferred shareholders have received a total of $6.28 per share inclusive of this distribution, for a combined total of $16.23.
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 | |
| Class A Share (FFN) | $0.10000 |
| Preferred Share (FFN.PR.A) | $0.04375 |
| Ex-Dividend Date: | September 28, 2016 |
| Record Date: | September 30, 2016 |
| Payable Date: | October 7, 2016 |
