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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 > FFN down with every stock in the fund up again
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Post by mousermanon Apr 28, 2021 11:26am
195 Views
Post# 33082437

FFN down with every stock in the fund up again

FFN down with every stock in the fund up againSo we are seeing DGS and DF move up, and they DO NOT have every stock in the fund up.
DF has a slightly higher yield, @ 19.5% (FFN yield = 18.5%) but  DF is barely above 15$ threshhold after distributions.  Premium is about 20% today.
DGS also moving higher , and at least the UNIT NAV there is above 15.60 today, probably a bit higher than that, but the premium is bigger than FFN's and DGS yield is slightly lower @ 17.95%
Seems FFN getting mostly ignored.
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