First National Securities Corporation, a 10% Holder, disposed of 629,620 Common Shares on a direct ownership basis at a price of $42.400 through a prospectus or prospectus exempt offering on December 13th, 2019. This represents a $26,695,888 divestment of the company's shares and an account share holdings change of -4.0%.
At the same price, 801420 Ontario Limited, a 10% Holder, disposed of 314,810 Common Shares on a direct ownership basis also through a prospectus or prospectus exempt offering on December 13th, 2019. This represents a $13,347,944 divestment of the company's shares and an account share holdings change of -1.6%.
Finally, Moray Tawse, a Senior Officer, Director and Subsidiary Executive, disposed of 314,810 Common Shares on a control or direction basis for registered holder The Tawse Family Charitable Foundation at the same price on the same day. This represents a $13,347,944 divestment of the company's shares and an account share holdings change of -35.4%.
First National Financial is in the Corporate Financial Services Sub Industry Group under the Financials Sector.
First National Financial Corporation is a Canada-based parent company of First National Financial LP (FNFLP), which is an originator, underwriter and servicer of prime residential (single-family and multi-unit) and commercial mortgages. The Company operates through two segments: Residential (which includes single-family residential mortgages) and Commercial (which includes multi-unit residential and commercial mortgages). The Company provides mortgage-financing solutions to the mortgage market in Canada. The Company also invests in short-term mortgages, usually for six- to 18-month terms. The Company provides underwriting and fulfilment processing services to a mortgage originator using the mortgage broker distribution channel. The Company's subsidiaries include First National Financial GP Corporation, FNFC Trust, First National Asset Management Inc., First National Mortgage Corporation, First National Mortgage Investment Fund and FN Mortgage Investment Trust.
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