North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

Financial Services Asset Management

North American Financial 15 Split Corp. is a 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, the amount of which is fixed on an annual basis 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

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Oct 01, 2021 11:28am

121 Views

Post# 33952315

Rebound day after selloff yesterday

All of the US holdings are up, the average is 1%, and now 4 of the CAD banks are also up.
SO maybe has gained back around 4 cents ...on the UNIT NAV..
Not sure the selling is over, and volatility is big right now.
BUT.....FFN yield now at current price is over 19%...and plenty of safety to survive another 5 % down.

<< Previous

Bullboard Posts

Next >>

A Look into the Future of Chronic Pain Management