Bullboard - Stock Discussion Forum 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... see more

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North American Financial 15 Split Corp > NAV @ 2:19 pm

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Post by AnEducator on Dec 19, 2023 2:22pm

NAV @ 2:19 pm

My spreadsheet is showing ~$14.97. Very close to payment status. Until Quadravest confirms the NAVs as of November 15, take this number as a rough estimate. I believe an announcement has to be made by tomorrow at the latest according to TSX regulations.

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Comment by middleman on Dec 19, 2023 3:02pm

I have $14.71, wondering why the difference is so huge. Do you take into consideration that cad is 1.33 now ? is cash still 13% ?

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Comment by AnEducator on Dec 19, 2023 3:15pm

The cash was 8% as of the end of November. That makes a huge difference given the rise in the markets.That being said, it's very possible my spreadsheet is off. The move is so large I can hardly believe it myself. Everyone should treat my numbers with some degree of scepticism until we get an update from Quadravest.

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