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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
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Post by mousermanon Feb 26, 2021 7:36pm
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Post# 32677320

FFN unit NAV to Feb 26 + approx: $ 15.74

FFN unit NAV to Feb 26 + approx: $ 15.74SO with the huge pop back up by the USD, FFN managed a gain of .52 since the update on FEB 12.
That leaves the commons with a NAV of $5.57 at this point after distributions.
I am quite certain this is  the split fund common share with the biggest premium ( 14% +) , and also the biggest yield (21.35%) of all those over 15$ UNIT NAV mark and paying.
DFN the only other one i know of that trades at a premium, and it is likley  close to that of FFN.

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