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North American Financial 15 Split Corp. Pref Shs T.FFN.PR.A

North American Financial 15 Split Corp. is a mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends, the amount of which is fixed on an annual basis and to pay the holders of the preferred shares a certain price per preferred share on or about the termination date. Its investment objectives with respect to class A shares are to provide holders of class A shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company for a specific price per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying a specific price per preferred share. Its investment manager is Quadravest Capital Management Inc.


TSX:FFN.PR.A - Post by User

Post by spazzmanon Feb 16, 2011 3:01pm
268 Views
Post# 18145104

In case their was any doubt

In case their was any doubt
52 week high today!!
Financial 15 Split Corp. II: Regular Monthly Dividend Declaration for Class A & Preferred Share (ccnm)
TORONTO, ONTARIO--(Marketwire - Feb. 16, 2011) - Financial 15 Split Corp. II ("Financial 15 II") declares its regular monthly distribution of
.10 for each Class A share ($1.20 annually) and
.04375 for each Preferred share (
.525 annually). Distributions are payable March 10, 2011 to shareholders on record as at February 28, 2011.
Since inception Class A shareholders have received a total of $6.25 per share (including one special distribution of
.25 per share) and Preferred shareholders have received a total of $3.35 per share inclusive of this distribution, for a combined total of $9.60.
Financial 15 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 Income Fund, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co. Shares held within the portfolio are expected to range between 4-8% in weight but may vary at any time.
Distribution Details:
Class A Share (FFN)
.10000
Preferred Share (FFN.PR.A)
.04375
Ex-Dividend Date:
February 24, 2011
Record Date:
February 28, 2011
Payable Date:
March 10, 2011
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor RelationsFinancial 15 Split Corp. II416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)www.financial15.com
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