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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Post by mousermanon May 19, 2022 11:28am

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Post# 34695446

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

And so that values the commons at $4.38 or so after distributions are paid to the preferreds in June.
Today the the NAV is sinking hard again, as most of the holdings are down, AND the USD now has lost nearly 2% vs the CAD since May 13. SO US holdings are ALL down since that date.
Will update tonight, and we will see the FFN commons dropping more towards a 4$ value here, than bouncing back above 5$. Not sure what the airheads buying the commons at 6$ are thinking.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle