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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 to March 2 after distributions=$15.80
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Comment by JohnWalkeron Mar 03, 2021 12:58am
109 Views
Post# 32702420

RE:FFN unit nav to March 2 after distributions=$15.80

RE:FFN unit nav to March 2 after distributions=$15.80
mouserman wrote: SO with the last trade at 6.66 FFN  commons are  trading at a .86 premium to  NAV .
That equates to nearly a 15% premium, probably due to the yield of over 20.4%


Although they didn't pay this month, I expect DGS to pay next month. Assuming you bought at $4.50 that's a 26.67% yield on DGS. When/If they start paying I hope to see the same premiums, but who are we kidding ... what the heck is the big diffrence between Brompton and Quadravest?

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