Quadravest has announced:
North American Financial 15 Split Corp. (the “Company”) 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. |
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FFN.PR.A To Reset Dividend To 6.75% For One Year
Quadravest has announced:
This entry was posted on Thursday, September 24th, 2020 at 10:18 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.