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North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

North American Financial 15 Split Corp. is a Canada-based 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 in the amount of over 5.5% annually 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 - Post by User

North American Financial 15 Split Corp > FFN starts ATM ( at the market price) program
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Comment by LarryMcflyon Jan 15, 2021 2:20pm
152 Views
Post# 32307592

RE:FFN starts ATM ( at the market price) program

RE:FFN starts ATM ( at the market price) programRegular stock issuance typically means dillution as it's often offered slightly below market price. This being a split funds, things are a bit different as the proceeds are not used to pay dept or finance a project. As long as shares are issued around NAV and proceeds are used to invest, it has no impact on the shareholder value, other than people reacting negatively on something they don't understand.

I'm not worried one bit about FFN.
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