NORTH AMERICAN FINANCIAL 15 SPLIT CORP. Regular Monthly Dividend Declaration for Preferred Share

TORONTO, Aug. 18, 2022 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.05625 for each Preferred share ($0.675 annually). Distributions are payable September 9, 2022 to shareholders on record as at August 31, 2022.

There will not be a distribution paid to the Class A Shares for August 31, 2022 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 $15.70 per share and Preferred shareholders have received a total of $9.72 per share inclusive of this distribution, for a combined total of $25.43.

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.

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