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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Post by JohnWalkeron Dec 16, 2019 10:06am

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Post# 30458893

Increased My Position This Morning

Assuming no change in the underlying shares, I believe that the consolidation of the common A shares will result in an increase of NAV. Picked up another 5K shares this morning at $6.30. ACB now equals $6.19.

Good Luck To All.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?