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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 May 24, 2011 3:30pm
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Post# 18619234

RE: Confused

RE: Confused Not sure what the mystery is?  Speculation is that these financial institutionsare down but not out.  A buy here at thislevel yields 21% plus there is the capital gain that will naturally occur once regularconsecutive dividends are declared. 
I have held gold stocks for months, all the while the share price spun its wheels and earned nothing while I waited for drill results.   Investor buying at this time are looking long term and are not trying to 'time the market'.


 I have not bought or sold any of my FFN since the n.a.v. dropped below $15.00.  I too am monitoring its trend.  Once the sector beings to come back to life I will buy.  Stocks like LFE is a good sign of green sprouts.   US debt ceiling, QE2 and European debt issues are placing a damper on this market.  But this too will change.  Looking 6 months out buyers are betting that todays market conditions are bottoming and hence an up side will occur. 


I believe that most investors realize the underlining value of FFN is currently $4.75.  That when a dividend is declared this value is only $5.?? and not $15.??.  The 15%-20+% yield highlights this risk.       
That's my 2¢ worth


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