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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

Comment by azzurrion Feb 15, 2024 4:23pm
176 Views
Post# 35882772

RE:NAV @ 3:12 pm

RE:NAV @ 3:12 pmI've sat here on the sidelines (since the summer) watching the info provided to us all by both An Educator & Mouseman as well as to a lesser degree by some of the others on these split corp boards. Having just loaded up on FFN and LFE the past couple of days I felt I had to finally join stockhouse to thank you all for your regular split corps NAV quotes along with the associated analysis. Truly investment worthy information.

Feb. 15 close has come and many of the quadravest funds that were in question will be paying their class A shares (DGS, DFN, LFE). There is still notable discount on FFN which should vacate (save for any major downward market moving events) once quadravest posts FFN mid-month NAV and/or when quadravest makes dividend announcement. If 

If you feel I have misunderstood any of this please do reply.
Otherwise thank you again and best of luck to you all!
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