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 > What's in it for Quadravest?

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Comment by Safetraderon Nov 16, 2022 10:42am

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Post# 35103224

RE:RE:What's in it for Quadravest?

Since their financial year starts Dec 1st, and the payment on Dec 10th will be versus the ex div date of No 21st I would assume it will be payment in January. Next year for me (retired) having a fix income at 8% /year with monthly payments is a great mix protection when combined with stocks/ etf.

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