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

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Post by mousermanon Nov 12, 2021 11:06am

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Post# 34119665

YOYO markets ,one day up , the next down

Yesterday FFN closed the day with a UNIT NAV near $17.33 and was starting to look like an attractively small premium to NAV. Today the USD falling vs CAD, and nearly every stock in the fund down... so i believe has given back all of those gains from yesterday at this point. But it is a lot like the weather, give it 5 minutes and it may change.

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