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 inkedtjon Sep 25, 2019 3:58pm

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Post# 30164379

RE:RE:RE:FFN unit NAV drops to Sept 23 now 15. 72

Yes, I should have worded it differently. Stock/Mutual Fund which pays its dividend based on the performance/NAV of its holdings. They do however seem a lot more stable than regular stocks, more people will invest/hold due to the monthly dividend payout. I tracked the past payment history of the monthly dividend, and barely any monthly payments have been missed.

BLOODTHIRSTY wrote:

inkedtj wrote: How do you calculate NAV on FFN Mousman? Is it based on holdings? Does current share price have anything to do with it? Thanks, new to the Divi growth funds

I wouldn't call this a Divi growth fund.