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 05, 2021 9:48am

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Post# 33966352

Another strong open for FFN

But the day has only begun. at this point FFN commons would have a value of around $6.88 , with every stock in the fund up today, with the exception of CIX, which has a very small % of the NAV.
Premium to NAV shrinking again to about 3%, and that would be the lowest of any of the split funds commons paying better than 15% annually.
DF and DGS the only other 2 that are in that category. DF definitely the WORST value, with a premium over 20% and the safety cushion under 25 cents.
DGS, now also yielding over 19%, and the safety a bit higher than DF...

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