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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 YellowBrickRoadon Nov 08, 2018 10:51am
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Post# 28943782

RE:FFN and FTN

RE:FFN and FTN
LuckyMeLuckyYou wrote: FFN  =  $16.03          FTN  = $16.08
. Both funds invest in the same 15 CDN and US financial services companies.

The difference I see is that FTN holds Great West as the 15th largest holding, CI Financial, then AGF Management, total net asset value ~ $600 m

FFN holds US Bancorp instead of Great West in the top 15, and does not hold AGF Management, total net asset value ~$300m

For a comparison of Split Share Funds, see this blog:
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