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North American Financial 15 Split Corp 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.


TSX:FFN - Post by User

North American Financial 15 Split Corp > T.FFN UNIT NAV to May 18= approx: $14.44
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Comment by my2pennieson May 19, 2022 6:32pm
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Post# 34696803

RE:T.FFN UNIT NAV to May 18= approx: $14.44

RE:T.FFN UNIT NAV to May 18= approx: $14.44

I'm scratching my head too. I haven't been paying much attention to the split fund portion of my portfolio lately (my bad), but as soon as I saw that they would report a NAV under $15 I sold, and and moved into DFN with the proceeds. I was expecting this FFN to fall off a cliff and that I was too late to sell, but was pleasantly surprised people struck my 6.10 ask the other day. Should have sold weeks earlier.

I'm confused though. Shouldn't this have cratered once the NAV got reported below 15??? I can't see the NAV recovering for a while.
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