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 Aug 20, 2011 3:53pm

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Post# 18963804

Portfolio rebalanced

I don't own any FFN, but I do follow it because the US is down but not out. I noticed that the holdings of FFN have changed since March 15 2011. Today the top 9 holdings are all Canadian financials compared to just 5 Canadian 5 months ago. Bank of America Corp was dropped and Sun Life Financial was added. It will be very interesting to see if these changes are enough to raise the n.a.v. (currently at $13.12) above the $15.00 dividend threshold. Bottom feeding at these prices may pay off in the future as FFN trades at highs of $8.00 when dividends are declared and as high as $16.00 prior to the 2008 crisis. >40% yield at Friday's close.
ANY TAKERS? Comments please!

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From now on, dynaCERT instead of Bitcoin or NVIDIA?