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.

TSX:FFN - Post by User

North American Financial 15 Split Corp > FFN now up over a BUCK since dec 31

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Post by mousermanon Jan 07, 2022 12:54pm

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Post# 34293590

FFN now up over a BUCK since dec 31

SO despite the USD falling the gains in the US stocks are outpacing that decline, so ALL are up today. And the Canadian stocks in the fund have a VERY strong day as well.
SO FFN has gained 14 cents as far as the stock price is concerned since DEC 31, but the value has risen over a dollar. What are the sellers missing, OR what are they thinking?
AT this point FFN is trading 4 cents below the NAV value for commons.

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