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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 unit NAV dropping quickly...
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Comment by KaizenPGon Feb 26, 2021 10:57pm
120 Views
Post# 32677817

RE:FFN unit NAV dropping quickly...

RE:FFN unit NAV dropping quickly...Am I missing something - I don't see where FTN is trading at a discount.
mouserman wrote: US banks taking a beating today, altho the USD is gaining  a bit on CAD..
FTN a much better bet here, even if the yield is less. FTN trades at a discount, instead of a big premium that FFN is getting. And FTN is  basically guaranteed to pay for the entire year, where FFN may only collect periodically if this correction takes hold  for a week or two.


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