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North American Financial 15 Split Corp A 2019-01.12.24 ( (TSE:FFN) ) has provided an announcement.
North American Financial 15 Split Corp. has announced a reduction in the dividend rate for its Preferred Shares (FFN.PR.A) to 7.50% from the previous 8.75%, starting December 1, 2025. This adjustment aligns with current market rates for preferred shares with similar terms, and will result in monthly payments of $0.06250 per share, impacting the annual yield on the shares’ $10.00 redemption value.
More about North American Financial 15 Split Corp A 2019-01.12.24
North American Financial 15 Split Corp. is a company that invests in an actively managed, high-quality portfolio of financial services companies. Its portfolio includes major Canadian and U.S. issuers such as 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, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co., and Wells Fargo & Co.
YTD Price Performance: 32.38%
Average Trading Volume: 270,348
Find detailed analytics on FFN stock on TipRanks’ Stock Analysis page.