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

Primary Symbol: T.FFN Alternate Symbol(s): FNCSF

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

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Comment by anubis44on Oct 16, 2018 10:33am

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Post# 28809473

RE:RE:RE:US financials doing ok today

I should have clarified I was talking about FTN just now. FFN current yield is a still eye-popping 16.575% with essentially the same basket of banks/financials who keep reporting increasing earnings from higher interest income. If the interest rate increases are managed responsibly, and I'm seeing amazingly intense pressure on the Fed to do just that, these bank holdings will only continue to appreciate in value, raising their share prices (and possibly, their dividends), which makes holding FFN/FTN safer and safer, rather than more and more dangerous.

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