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

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Post by mousermanon Oct 26, 2021 6:58pm

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Post# 34052603

FFN gains , UNIT NAV @ $17.46 to Oct 26

So that puts the value of the commons at 7.46 before distributions.... and last ale @ 7.53 means incredibly it is trading almost at its NAV.... less than 1 % premium.
That of course would change after distributions, but i dont usually calculate that until month end, when they deduct the distributions on exdivvy date.
I do believe tomorrow is the last day to buy FFN for the distribution coming in November.
FFN ,DFN and DF now the biggest holdings in my portfolio.

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