North American Financial 15 Split Corp. Increases Preferred Share Rate

A high quality portfolio consisting of 15 North American Financial Services Companies

TORONTO, Sept. 23, 2020 (GLOBE NEWSWIRE) --

North American Financial 15 Split Corp. (the “Company”) is pleased to announce the Preferred Share dividend rate for the fiscal year beginning December 1, 2020. Monthly payments to the FFN.PR.A Preferred Share will be $0.05625 per Share for an annual yield of 6.75% on their $10 redemption value. This is an increase of one and a quarter percent over the current rate.

The Company invests in an actively managed, high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows:

Bank of Montreal	National Bank of Canada	Bank of America Corp.
The Bank of Nova Scotia	Manulife Financial Corporation	Citigroup Inc.
Canadian Imperial Bank of Commerce	Sun Life Financial Services of Canada Inc.	Goldman Sachs Group Inc.
Royal Bank of Canada	Great-West Lifeco Inc.	JP Morgan Chase & Co.
The Toronto-Dominion Bank	CI Financial Corp.	Wells Fargo & Co.

For further information, please contact North American Financial 15 Split Corp. Investor Relations at
416-304-4443 or Toll free at 1-877-4-Quadra (1-877-478-2372) or visit www.financial15.com.