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 > End of the month update will be ugly for FFN

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Comment by EdPaquetteon May 31, 2023 2:03pm

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Post# 35473070

RE:End of the month update will be ugly for FFN

Bottom feelers are buying here, but i think they're nuts.

mouserman wrote: Cannot fathom why peeps are buying this at a premium. Not sure how far down they went in NAV so far today, but it IS a considerable amount. Debt ceiling talks maybe not going so good. I did buy more Preferreds tho,, as those will always pay and eventually get you 10$ value for them.

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