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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Comment by anubis44on Oct 09, 2018 8:15pm

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Post# 28769892

RE:something fishy?

"It's true that there should be a bump once the dist. is confirmed, but everyone who followes this stock knows for certain that there will be a dist."

Agreed that there will definitely be a distribution for Oct. and almost certainly for the next 4-5 months. Cash position of the fund indicates this not to be a problem. Banks should have decent projections on Friday for earnings, as they'll simply make a bit more money on their floating rate loans with the recent rate hike.

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