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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 > FFN UNIT NAV to Feb 15 = approx: $15.41
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Post by mousermanon Feb 15, 2023 4:18pm
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Post# 35288383

FFN UNIT NAV to Feb 15 = approx: $15.41

FFN UNIT NAV to Feb 15 = approx: $15.41So spreadsheet now showing a gain of about 26 cents since the JAN 31 update, and puts the value of the commons @$5.41 before distributions. Last trade @ 5.95 means the premium is only 54 cents or almost exactly 10%. AND FFN will be paying to commons this month.
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