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 to Jan 20 =approx: $ 16.90

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Post by mousermanon Jan 20, 2022 8:27pm

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Post# 34340636

FFN unit NAV to Jan 20 =approx: $ 16.90

SO the big gains FFN made in the first 2 weeks of january have mostly disappeared already, as they have lost 59 cents off the UNIT NAV since the 14th of JAN.
SO still trading very near a 10% premium even after the beating today... I suspect we will see more downside in the next few days.
Talk of rising interest rates in Canada in the near term have spooked the markets, or at least that was the media talking heads take on it.

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