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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 July 21 = approx: $ 16.51
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Post by mousermanon Jul 21, 2021 6:26pm
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Post# 33585410

FFN unit nav to July 21 = approx: $ 16.51

FFN unit nav to July 21 = approx: $ 16.51My spreadsheet now has FFN losing 10 cents off the UNIT NAV since the 15th... mostly due to CAD surging back up to a higher exchange with USD ,  than that of the 15th of JULY....
Yield today at the close is  18.89%,, and the premium to NAV would be  10.5%, definitely the lowest premium of those with yield over 18% , DGS and DF also above  18% yields... but i do believe have higher premiums with less safety.
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