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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

Comment by navgodon Jan 20, 2022 7:27am
193 Views
Post# 34336383

RE:When to get back in

RE:When to get back inFFN is one of very few splitshares that currently trade at a premium to NAV so no reason to be a a hurry to jump back in. Would not consider going long unless FFN trades much closer to NAV ie 3-4%. If it trades back to 10%+ you will get another issue in 2-3 months guaranteed. Currently short FFN and in no hurry to cover. glta
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