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

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Post by mousermanon Apr 14, 2021 2:28pm

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Post# 32994002

Adding a few more FFN today...

With a yield of 19.25% annually and a safety margin of over 1.50 here, FFN looks good to go for the next while as banks continue to sit on hoards of cash and even thru the pandemic many are showing record income and profits.
I suspect in MAY or JUNE the restrictions due to the flu pandemic will be lifted on the banks and they will hike dividends and make up for lost time.

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