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An update from North American Financial 15 Split Corp A 2019-01.12.24 ( (TSE:FFN) ) is now available.
Financial 15 Split Corp. has successfully completed an overnight offering of Preferred Shares, raising $92.2 million in gross proceeds. The funds will be used to invest in a managed portfolio of financial services companies, with the Preferred Shares now trading on the Toronto Stock Exchange under the symbol FTN.PR.A. This move is expected to strengthen the company’s market position by enhancing its investment portfolio and providing fixed, cumulative monthly dividends to shareholders.
More about North American Financial 15 Split Corp A 2019-01.12.24
Financial 15 Split Corp. operates within the financial services industry, focusing on a high-quality portfolio of North American financial services companies. The company invests in both Canadian and U.S. issuers, aiming to provide value through its preferred share offerings.
YTD Price Performance: 38.97%
Average Trading Volume: 286,160
For detailed information about FFN stock, go to TipRanks’ Stock Analysis page.