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 > FFN unit NAV drops to $16.77 after distributions to Nov 29

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Nov 29, 2021 5:19pm

417 Views

Post# 34177576

FFN unit NAV drops to $16.77 after distributions to Nov 29

Well with one day left in the month FFN is looking like it will drop well below the level seen at the end of October. @ $17.14
With the buying today in FFN the premium jumped up to 12.5%.... yield now @ 17.8 %
May see some more downside in the next few days, but hoping for a bounce in the financials.

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading