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.

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North American Financial 15 Split Corp > Volatility in markets

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Comment by mousermanon Nov 12, 2021 11:03am

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Post# 34119646

RE:RE:RE:RE:Volatility in markets

Not sure on that one, FED is caught between a rock and a hard place. Higher interest rates also means that the HUGE debt ran up by the US, in the trillions with a few more trillion $planned for an infrastructure bill...will become almost impossible to service. At 0% interest rates its sustainable, but maybe not if paying 2% on it...
The other side of that coin, is the impending market crash that would follow a couple interest rate hikes.... all in all ,not good for the economy

BlueJay2020 wrote:
Rapid inflation leads to higher interest rates - it's now a race to see who raises quickest and highest - traders are betting on the US leading the charge and buying greenbacks in spades. It's a wise move - the US usually drives everything one way or the other.

mouserman wrote: Not sure what just happened, no content for the post came thru.
BUT last nights close the UNIT NAV was 4 cents above the OCT 29 numbers up to $17.18
However today a huge drop in the CAD vs the USD is giving a fairly nice boost to the US banks and holdings in FFN, on top of the green looking list there.
Not sure what is the cause of the rising USD....inflation good for it?

mouserman wrote: