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North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

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

Comment by paracelciuson Oct 26, 2021 5:09pm
157 Views
Post# 34052281

RE:RE:RE:RE:FFN unit NAV to oct22 = approx:$17.40

RE:RE:RE:RE:FFN unit NAV to oct22 = approx:$17.40[citation=BlueJay2020]

C'est l'une des approches d'investissement les plus bizarres que j'ai jamais rencontres. Vous dites donc que vous n'achetez une action qu'une seule fois ( moins que le prix ne descende en dessous du prix d'achat initial) ? 

Mon approche consiste identifier le meilleur retour sur investissement sur le prochain dollar investi. Le prix que j'ai pay pour un stock la dernire fois n'a aucune incidence sur cela. Mieux vaut obtenir, disons, 10 pour cent de retour sur un investissement supplmentaire sur un « ancien » stock que 6 pour cent sur un « nouveau ».

[/Je n'achte plus car cela diminue le retour sur mon investissement pour chaque dollar plac sur cette action, ma moyenne est de 7.27310$ l'unit  

[/quote]
 

[/citation]for each dollar you invest in FFN, for example you bought 1000 shares at 7.25 this gives you an annual return on your investment of 18.76137931034483% but in this calculation you have to take into account that to obtain this return it is essential that the distribution is paid over 12 consecutive months, the price of the share is not based only on the demand for it it is obtained by calculating a probable net asset value of the FFN portfolio, read the propectus. this is where it becomes important if your total investments exceed the net asset value of the stock you will lose the excess amount, if there is a sale of assets, the first to pay will be the class A shares then if there is money left over, the other shareholders will be FFN this is a bit of a crude explanation but you would be better off reading the prospectus.  The value will grow only if the net asset value of the portfolio increases. The opposite is true, you only have to look at the graphs of the last months, then buying too high will bring you surprises and investing money by making as I said your return fall is not the best idea. 
 
Translated with www.DeepL.com/Translator (free version)

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