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Irish Life to buy Ark Life Assurance for €230m
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North American Financial 15 Split Corp Completes Overnight Offering of $47,043,000
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Preferred Shares:
to provide holders of the Preferred Shares with fixed, cumulative preferential monthly cash dividends currently in the amount of 6.75% annually, to be set by the Board of Directors annually subject to a minimum of 5.50% until 2024; and
on or about the termination date, currently December 1, 2024 (subject to further 5 year extensions thereafter), to pay the holders of the Preferred Shares $10.00 per Preferred Share. Class A Shares:
to provide holders of the Class A Shares with regular monthly cash dividends in an amount to be determined by the Board of the Directors; and
to permit holders to participate in all growth in the net asset value of the Company above $10 per Unit, by paying holders on or about the termination date of December 1, 2024 (subject to further 5 year extensions thereafter) such amounts as remain in the Company after paying $10 per Preferred Share.
North American Financial 15 Split Corp Announces Overnight Offering
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Younger said licensees and advisers were conscious that the current monitoring and supervision was backward-looking and there was a desire to monitor and supervise in a way, so they were not doing annual audits but rather things are being audited consistently. This, he said, would free up resources to do coaching, to improve processes, and to create better client experiences.
Also contributing to the report, XY Adviser, managing director, Clayton Daniel, said advisers’ needs were not being met.
“If you consider the traditional role licensees have played, there is a lack of licensee services being provided in the market. While we have seen the rise of services provided by specialists, I am not sure the industry has caught up with what advisers need,” he said.