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North American Financial 15 Split Corp. Pref Shs T.FFN.PR.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.


TSX:FFN.PR.A - Post by User

North American Financial 15 Split Corp. Pref Shs
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Comment by JReynoldson Feb 17, 2011 8:25am
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Post# 18148876

Alternate views of FFN

Alternate views of FFNDobe - I am with you on that NAV report. If you see my earlier posts here and at the FTN Board, I have been asking for it. It's three days overdue by now.

Anyway, if I am to compare the patten of this FFN with FTN, yeah, sure FTN would be more comfortable with the further "distance away from the threshold of $15", but another way to look at it would be the further distance has been valued by the mkt with a higher SP now, at $10+.

FFN could still be on its way up, hence the climbing SP from c.$8.00 today,... If we believed the US prbs are at their tailend, then the pattern which I have just described fits perfectly for both FTN and FFN. The underlyings for FTN and FFN are almost identical, which I have compared again last night. 

Please counter my opinions if any, I'd certainly like to hear more of them. Otherwise, I intend to pull the trigger again on FFN, ie adding up more units,... Appreciate your help here.

JR
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