North American Financial 15 Split Corp.: Regular Monthly Dividend Declaration for Class A & Preferred Share
TORONTO, Feb. 20, 2020 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annually) and $0.04583 for each Preferred share ($0.550 annually). Distributions are payable March 10, 2020 to shareholders on record as at February 28, 2020.
Since inception Class A shareholders have received a total of $13.89 per share and Preferred shareholders have received a total of $8.13 per share inclusive of this distribution, for a combined total of $22.02.
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.
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