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.

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North American Financial 15 Split Corp > Long way to go

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Comment by JohnWalkeron Jun 20, 2022 4:16pm

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Post# 34769627

RE:RE:RE:Long way to go

mdoldon wrote: It's really not a lot different than buying any penny stock in hopes that it rises in price.

US and Canadian Banks are not exactly penny stocks. It might take 3-4 months to start rising again, it might take a year or it might take 4-5 years ... who knows? But banks will recover at some point.

When they do, you have the double win with capital gains and high yield dividends. Of course, that being said, it's probably a bit too early to back up the truck and start loading up. It's not inconceivable to be buying FFN a buck lower than it is now before it turns around.

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