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 Aug 12, 2021 4:42pm

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Post# 33696735

FFN UNIT nav continues to climb , now trading at a discount

SO FFN unit nav is up $1.04 to $17.38 in the time since the JULY 30 update, and that IS an incredible run upwards in a very short time.
The top 2 stocks in FFN , WFC and GS, combined for nearly 33 cents of that gain.
Last trade at 7.34 leaves the FFN commons trading at a 4 cent discount to NAV. It is very seldom that you can buy a split fund common that is paying over 18.5% annual yield ..... at a discount, particularly with over 2$ in safety over the 15$ threshhold.

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