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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Post by anubis44on Nov 07, 2018 3:36pm

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Post# 28939426

Canadian Banks are strong

Another factor to consider is that the Bank of Canada is going to continue to raise interest rates in the face of Canada's strong economy, possibly even more aggressively than the US, which will mean higher interest revenues for the big 6 Canadian Schedule I Banks, likely continuing dividend hikes for them, so possibly stable or higher share prices, and therefore, and a safer payout for FFN/FTN.

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