North America Home Finance Inc. (CSE: NAHF) said its Board approved its first in-kind preferred share dividend, under which each eligible holder of 1,000 NAHF common shares will receive one Series 1 Non-Voting Preferred Share, known as a “Housing Share” (NAHF.PR.A). The dividend, tied to progress in the housing portfolio including development at Saanich Ridge, will result in another 86,758 Housing Shares outstanding. The ex-dividend date is expected to be November 12, 2026, with shares distributed through DRS Advice statements on or before November 30, 2026. CEO George Lawton said the move rewards shareholders who supported the company's growth and aims to broaden the Housing Share shareholder base and market capitalization, which could make Housing Shares more useful as consideration for acquiring residential real estate.
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