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

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Comment by JohnWalkeron Nov 30, 2021 12:22pm

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Post# 34180697

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

I went to all cash last Friday. Tried to dip my toe back in this morning with 6K shares at 7.51 but then chickened out and sold for a $300 capital loss at 7.46. Looks like things are headed lower.

Finally got my accounts at National Bank Direct Brokerage activated yesterday - No Commissions on any trade any size and slighltly lower margin interest rates. I was going to wait until the end of the year to move all the funds over, but since I'm all cash, now might seem the right time to make the move.

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