North American Financial Boosts Dividend and Extends Term

North American Financial 15 Split Corp A 2019-01.12.24 (TSE:FFN) has released an update.

North American Financial 15 Split Corp. has announced an increase in the minimum annual dividend rate for Preferred Shares to 7% starting December 2024, with potential annual resets, and has confirmed the extension of the company’s termination date by five years to December 2029. Shareholders have options to retract their investment based on net asset value or continue holding or selling their shares in the market.

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