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North America Home Finance Declares Dividend, Lifts Unit Value on Mortgage Paydown
• North America Home Finance declared a $0.134 per share dividend for its Series 1 Preferred Housing Shares (NAHF.PR.A).
• The trustees of the underlying NAHF Real Estate Trust set the value of its Housing Yield Units (HYUs) at $10.54, effective September 1, 2026.
• The HYU valuation increase was driven entirely by mortgage principal repayment on the trust's rental home portfolios, not market appreciation.
• Future HYU price growth will be tied to housing market appreciation only after markets exceed a benchmark set in June 2025.
VANCOUVER, BC—North America Home Finance Inc. (CSE: NAHF) announced a dividend distribution and an increase in the net asset value of its core investment vehicle, highlighting a growth mechanism insulated from near-term housing market volatility. The company’s board declared a dividend of $0.134 per share for its Series 1 Preferred Shares, known as Housing Shares. Concurrently, the trustees of the NAHF Real Estate Trust established a new per-unit value of $10.54 for the underlying Housing Yield Units (HYUs), which back each Housing Share on a one-to-one basis. The new HYU price will be effective for subscriptions and redemptions starting September 1, 2026.
Critically, the trust attributed the quarterly increase in HYU value solely to mortgage principal repayment from its income-producing residential portfolios, including the Saanich Ridge and Five Crossings rental properties. This underscores a fundamental tenet of the Housing Share structure: even in stagnant or softening housing markets, the systematic reduction of mortgage debt can generate underlying equity growth. The company emphasizes this as a key differentiator for investors seeking exposure to residential real estate.
Looking forward, the trust noted that HYUs are currently within a high-water mark measurement period. Future calculations for housing price appreciation will be benchmarked against Home Price Index levels from June 2025 for the relevant markets. Consequently, any future increases in HYU value will only be attributed to market appreciation once local home prices surpass that predetermined benchmark. The current structure is designed to provide investors with a pathway to benefit from both mortgage paydown and potential market gains.
North America Home Finance, through its trust and partnership structure, focuses on expanding housing access via shared-equity models. The Housing Shares are intended to offer investors participation in long-term residential housing value creation, supporting the company's mission while providing a unique income and growth instrument. The company cautions that there is no established trading market for the HYUs and that the $10.54 valuation is a trustee determination, not a market price.