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 11:47am

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Post# 32826063

More preferred than commons according to SW

So had a look at the numbers from Stock watch, and seems Quadravest expects more ATM buying of the commons, and so added more prefferds than commons in the recent offering.
20,587,861 is the number of preferreds now outstanding, and 20,048,163 is the number of commons.
Big selling today by anon and BMO holding a lid on the FFN share price .... but that will end soon, and some short covering about to start, at leat that is my guess. Am betting the shorts jumped by about 1%... which is normal after an offering.
They will be scrambling here in a few days as it gets closer to ex divvy date.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?