North American Financial 15 Split Corp. Regular Monthly Dividend Declaration for Preferred Share

TORONTO, Aug. 22, 2019 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.04583 for each Preferred share ($0.550 annually). Distributions are payable September 10, 2019 to shareholders on record as at August 30, 2019.

There will not be a distribution paid to the Class A Shares for August 30, 2019 as per the Prospectus which states no regular monthly dividends will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $15.00.

Since inception Class A shareholders have received a total of $13.25 per share and Preferred shareholders have received a total of $7.85 per share inclusive of this distribution, for a combined total of $21.10.

The Company 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 Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.financial15.com
[email protected]