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

Financial Services Asset Management

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

Bullboard Posts

Comment by anubis44on Oct 12, 2018 2:13pm

65 Views

Post# 28790096

RE:RE:NAV now increasing. Dividend likely safe as rates rise.

I think the overall picture being painted is that this correction was overdone, and that financials especially will continue to recover and increase earnings going forward. That will very much stabilize FTN/FFN and push their prices upwards as the threat to the dividend is diminishing not increasing.

Bullboard Posts

Eminent acquires promising Nevada gold project