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 > I have the UNIT NAV for FFN also at $15.70

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Post by mousermanon Apr 22, 2024 5:03pm

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Post# 36002124

I have the UNIT NAV for FFN also at $15.70

Spreadsheet showing a gain of 39 cents since the close on the 15th of April.
Now i was a little low last month but believe i have corrected the weightings IF that is what the difference was. So many other circumstances can change the NAV, like going to cash to pay distributions, covered call options getting hit, and changes in weightings due to some stocks going up while others tank. As well the managers can reduce position in some of the deemed riskier stock holdings.

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