North American Financial 15 Split Corp. Pref Shs T.FFN.P.A

North American Financial 15 Split Corp. is a Canada-based mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in the amount of over 5.5% annually and to pay the holders of the preferred shares a certain price per preferred share on or about the termination date. Its investment objectives with respect to class A shares are to provide holders of class A shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company for a specific price per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying a specific price per preferred share. Its investment manager is Quadravest Capital Management Inc.

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North American Financial 15 Split Corp. Pref Shs

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Post by anubis44on Oct 09, 2018 11:38am

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Post# 28766325

Dividend only getting safer

Don't really get the sell-off in FFN and FTN in the last couple of days. These two funds are holding the highest quality banks/financials, which will only make more money in an rising rate scenario, and they'll be able to sell more calls more easily on these holdings. It's either a co-ordinated short attack, which will enable a cabal to enter and hold these stocks at bargain basement prices with fabulous yields, or else it's the result of a few desparate holders who had to sell at any price to cover their margin calls with the drop in the rest of the market. Either way, I'm thinking we'll see a big rebound shortly when others see the value here.

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