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North American Financial 15 Split Corp. Pref Shs T.FFN.PR.A

North American Financial 15 Split Corp. is a 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, the amount of which is fixed on an annual basis 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.PR.A - Post by User

North American Financial 15 Split Corp. Pref Shs
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Post by spazzmanon Dec 20, 2010 4:42pm
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Post# 17872807

Congratulations!

Congratulations!
To all shareholders whobrought FFN in the last two months and are still holding.  You took a gamble and won.  I tried to buy this morning but the stock gotaway from me.  If the NAV holds in thesenext few months then FFN should trade at same price as is sister stockFTN.   This is a great way to start 2011.  I may still buy if there is a pull back, the24% yield is hard to turn down. 
Cheers
Spazzman
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities