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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 alkhoron Dec 17, 2018 2:16pm
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Post# 29125078

RE:RE:RE:RE:NAV?

RE:RE:RE:RE:NAV?The market is obviously expecting the NAV to fall below $15. It will be interesting what the month end NAV is this month., if it is over $15 the the share price should have a bit of a rebound. If it isn't, the dividend can be gone for a few months. I believe at one time it was gon for 15 months before returning. The share price rebounded after it was re-instated.
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