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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 > NAV Valentine's Day
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Comment by AnEducatoron Feb 15, 2024 3:20pm
161 Views
Post# 35882568

RE:RE:RE:RE:NAV Valentine's Day

RE:RE:RE:RE:NAV Valentine's DayIt is in Quadravest's interests to increase interest in their funds and ensure they remain attractive. This only happens, in general, when dividends are paid out as this is the main reason most retail investors buy these split shares.

Most importantly, when these shares trade at a premium, Quadravest can issue new shares at a premium and that both increases assets under management (and liquidity) while also enhancing the NAV. 


AnAmateur wrote: Of course, that's what I meant. But if they can choose between a date when the NAV is above threshold and another when it's not, what will they do and why?


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