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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 mdoldonon Nov 12, 2021 11:53am
146 Views
Post# 34119965

RE:RE:RE:RE:RE:Volatility in markets

RE:RE:RE:RE:RE:Volatility in markets Your hesitancy makes sense.

I think what we all need to remember is that we are in totally new territory.  I'm not sure that any existing economic theory is necessarily reliable right now.  The financial media likes to make broad statements like " Markets reacted today to (pick your news item) ", but the truth is that they don't have any better handle on the reasons behind ups and downs than we do.   That goes for the Fed and other central banks as well.  At least the current administration gives every sign that they intend to walk softly through the minefield.

With the billionaire class sitting on unprecedented trillions of unearned capital, they can't simply pull it out and invest it elsewhere.  It's not a stable way to run an economy, I'm a big fan of stock markets being primarily used for their original purpose of funding business investment, but I've been feeling for years that the markets are no longer actually linked to the underlying economy, and pandemic has disconnected it further.


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