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 Dec 30, 2021 5:10pm

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Post# 34272248

FFN UNIT NAV to Dec 30= approx: $16.86

So did up the spreadsheet again and input the exchange, which showed THE CAD gaining alot in the past few days and that negatively is impacting the values of the US banks.
Only a gain of 3 pennies since Dec 15 update, and was actually one of the worst performing split fund commons of those i track.
So after distributions, the FFN commons now carry a value of $6.69 and that leaves a high premium of about 11%.

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They started in video game investing, now they serve high net worth traders