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

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Post by mousermanon Jul 01, 2024 5:12pm

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Post# 36113614

FFN unit nav jumps approx: 16 cents from June 28 close

Switched all the numbers in the spreadsheet over to the JUNE 28 th close and used the approx: UNIT NAV i posted. CAD fell to 72.8 USD.. and the exchange rate did push up the NAV for the US holdings.
Gains were bigger for FFN than for FTN as the number of US holdings that had gains is bigger in FFN.
MS one of the bigger holdings had a very nice gain of over 2%, and that one not in FTN's list.

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