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.

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North American Financial 15 Split Corp. Pref Shs

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Comment by anubis44on Oct 12, 2018 4:17pm

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Post# 28791365

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

I would think that for every person who have been 'rattled' enough to sell the minute they're 'in the black', there will be an investor who, having bought a 17%+ yielding investment that pays monthly, will not be quite so hasty to throw it away with the prospect of slowly increasing interest rates, and therefore, more profitable holdings in the fund. Why would you do that?

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