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 > Bargain i was waiting for.

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Post by mousermanon Jun 01, 2021 11:37am

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Post# 33303204

Bargain i was waiting for.

SOld off my DGS and was waiting to see a good deal for a split fund common. Sellers created a buying op in FFN today, as the yield now is at 18.5% and is far safer than the comparable DF and DGS commons, with a much higher safety margin above the 15$ threshhold.
Not sure why the aggressive selling, but i am happy for it now.

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