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 > Is this and other Quadravest investments a dividend trap?

<< Previous

Bullboard Posts

Next >>

Comment by Sanderzon Jun 21, 2022 6:22pm

161 Views

Post# 34772512

RE:RE:RE:RE:RE:Is this and other Quadravest investments a dividend trap?

Gongshow44 wrote: Yes correct....but only be aware that Quadravest could consolidate the Class A shares (they did this with FTN about 18 months ago). If they pulled the same maneuver your yield would drop down to about 12% .

I just read the news release to see why ftn did the share consolidation. Well hopefully that doesn't happen here, but we'll see. Thank you for the heads up

<< Previous

Bullboard Posts

Next >>

Morning Market Outlook for May 2, 2024