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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 > FFN unit nav to June 14 = approx; $15.40
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Comment by NoShoesNoShirton Jun 14, 2024 9:20pm
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Post# 36090208

RE:FFN unit nav to June 14 = approx; $15.40

RE:FFN unit nav to June 14 = approx; $15.40
mouserman wrote: So at the end of trading today, the Spreadsheet showed a loss of just over 46 cents... SO value of the commons would be $5.40 .. and it certainly appears they made the distribution cut quite easily. Not sure why the selling was so aggressive.. Must belive the selloff is going to continue for the rest of JUNE... Last sale @ $5.23 leaves the premium at about 17 cents.,, and would be close to NAV if the distributions were taken off. But we have a long way to go until the end of JUNE...when they go ex-divvy.

Not a premium. It's a discount to nav.
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