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 preferred shares.

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Comment by Safetraderon Jun 02, 2021 7:58am

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Post# 33309365

RE:FFN preferred shares.

Well I feel it is a great spot to keep your portion of investment you wish to hold as cash and get a return. Looking at 10 year charts gives you the story.

The return is steady, monthly and if you don't sell when they do an offering, pandemic crash or market small correction you will get back to your 10$ or so. Pretty hard to get that with GIC.

Last year did the same with my cash portion of RRSP and TFSA buying DFN pref .....still holding.

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