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 shows slight changes to the weightings.

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Comment by Nakateon Apr 05, 2023 1:57pm

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Post# 35381494

RE:RE:FFN shows slight changes to the weightings.

no its more of a rebalance to bring the number of class A shares down to the same amount as the preferred's, so for every 1 share you have now you will be issued 0.867 shares, I'm not sure what the share price is going do do since the nav and the trading price are not even close.

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