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.

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North American Financial 15 Split Corp

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Post by mousermanon Mar 18, 2021 11:16am

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Post# 32825776

FFN UNIT NAV up at least 40 cents today

Just depending on how much of the recent offering they used to buy up the banks/lifecos today, but even without buying anything , the UNIT NAV is up about 40 cents today.... FFN is the buy if there is one in the split funds. FTN also worth a look, but a much lower yield.
I think the underwriter selling makes FFN and huge bargain... and in a few months we will see a huge premium to NAV for the fund.
Thinking on taking some profits in a few others to add to FFN...

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