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North American Financial 15 Split Prices C$102.5 Million Preferred Share Offering

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North American Financial 15 Split (FFN.TO, FFN-PA.TO) completed the overnight marketing of its preferred shares and expects total proceeds to be about C$102.5 million, it said in a statement on Friday.

Closing of the offering is expected on or about July 6, and is subject to closing conditions.

Proceeds will be used to invest in an actively managed, high-quality portfolio primarily consisting of financial services companies made up of some Canadian and U.S. issuers, it said.

Price: $11.66, Change: $+0.07, Percent Change: +0.60%

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