North American Financial 15 Split Corp. (TSX: FFN) has declared its regular monthly distributions for both its Class A shares and Preferred shares, with payments scheduled for October 9, 2026. Class A shareholders will receive $0.11335 per share, representing an annualised rate of $1.3602, while Preferred shareholders will receive $0.06250 per share, or $0.750 annually. The record date for both distributions is September 30, 2026. The announcement reinforces the company's consistent track record of monthly income distributions to investors in its North American financial sector split-share structure.

Key Points

  • North American Financial 15 Split Corp. (TSX: FFN / FFN.PR.A)
  • Monthly distributions declared for Class A shares at $0.11335 and Preferred shares at $0.06250, payable October 9, 2026
  • Since inception, Class A shareholders have received a cumulative $19.67 per share and Preferred shareholders $13.12 per share, for a combined total of $32.79
  • Investors may watch the company's portfolio of 14 North American financial institution holdings for any updates affecting distribution sustainability

October 2026 Distribution Rates and Payment Schedule

North American Financial 15 Split Corp. confirmed a Class A share monthly distribution of $0.11335, equating to an annualised figure of $1.3602 per share. Preferred shareholders are set to receive $0.06250 per share, translating to $0.750 on an annual basis. Both distributions carry a record date of September 30, 2026, with payment to follow on October 9, 2026. The company did not disclose any changes to its distribution policy or methodology in the announcement, presenting the declaration as a continuation of its established monthly income programme for split-share investors.

Cumulative Income Delivered to Shareholders Since Inception

The release highlights the cumulative distributions paid to shareholders since the company's inception. Class A shareholders have received a total of $19.67 per share, inclusive of the current declaration, while Preferred shareholders have received $13.12 per share over the same period. Together, these figures represent a combined cumulative total of $32.79 per share across both share classes. These figures, as stated in the announcement, provide context for the long-term income generation of the split-share structure for investors seeking regular financial sector exposure.

Portfolio Composition Across Canadian and U.S. Financial Institutions

The company's portfolio is concentrated in financial services equities drawn from both Canadian and American markets. Canadian holdings include Bank of Montreal, 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, and Great-West Lifeco. U.S. holdings comprise Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co., and Wells Fargo & Co. The release describes this as a high-quality portfolio of 14 issuers, with no changes to composition disclosed in the announcement.