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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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Comment by spazzmanon Mar 18, 2011 11:13pm
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Post# 18309374

RE: RE: Great news for FFN

RE: RE: Great news for FFNjjmaz, as long as you recognize the risk/reward trade off and have prepared yourself for a period of no dividend payouts, due to the N.A.V. falling below the $15.00. not to mention the drop in capital appreciation that accompanies FFN if it were to stop paying.  Then a large position is OK.  Diversification is always best, but heck if you have a winner I say run with it.  I believe that by next Friday both FFN & FTN will be back trading at their respective levels prior to the Japan crisis.  
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