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

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Post by mousermanon Oct 01, 2021 7:39pm

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Post# 33956685

FFN gain today is 16 cents on the UNIT NAV and the commons

Nice bounce back today, and a good start to October. I suspect some booksquaring and some ex divvy date selling took place.
I gathered back a lot of FFN today near the lows, and will continue to swing trade the volatility.
I did dump more DGS today, thought about rebuying, but decided the value is better with FFN.
Not sure why sellers were dumping FFN, as it had as good a day as any of the split funds out there.
Most of the others were green today.

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