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 > How soon can the dividend be announced?

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Post by Splitfunding on Jan 02, 2024 2:28pm

How soon can the dividend be announced?

We are on the very precipice of paying, I assume the 20th would be the latest date for the announcement but when is the earliest? Quadravest would be wise to declare the payment as soon as possible in order to restore faith in the fund after many months of non-payment provided of course fund reaches and maintains payment statues.

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Comment by alkhor on Jan 02, 2024 2:42pm

They announced the divvy for DFN on the morning of December 15th. Not sure why they announced so early unless it was to draw more interest. Ironically they amended the valuation for the end of day on the 15th and the valuation was below $15, so it didn't actually qualify for the divy. They might do the same for FFN if it is just over the $15 cutoff at the end of day on the 14th.

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Comment by Splitfunding on Jan 02, 2024 3:17pm

Hopefully so. Either way only about 2 weeks to go, starting to get excited

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Comment by AnEducator on Jan 03, 2024 1:41am

Theoretically, Quadravest can use any day to declare the next dividend. Practically, if the NAV is over the payment threshold as of Friday, January 12, I would expect a dividend declaration on the following Monday morning.

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North American Financial 15 Split Corp