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 > Calculating NAV - Question on Dividends Receivable

<< Previous

Bullboard Posts

Next >>

Comment by navgodon Apr 24, 2024 11:35am

36 Views

Post# 36005173

RE:RE:RE:RE:Calculating NAV - Question on Dividends Receivable

oldbrit34 wrote: Hi Navgod , According to Daniel Tersigni at Brompton the dividends from stocks held are only included in the funds NAV on the day they are received by Brompton ie the Payment Date.

Tell Daniel to read the footnotes to his 2023 DGS Annual Report foot note e) Investment Transactions and Income and Expense Recognition .... "Dividend income is recognized on the ex-dividend date"

<< Previous

Bullboard Posts

Next >>

Critical raw materials pioneer drives Europe’s clean energy transition