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North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

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

Comment by mdoldonon Jan 21, 2022 2:55pm
175 Views
Post# 34344153

RE:I bought more

RE:I bought moreThe only thing you really have 'wrong' is in assuming that raising rates automatically means banks make higher profits.  Banks make profits off of the split between what they pay and what they can charge, not merely on the top side.  More important to bank profits is volume, how much money they can churn in and out.  Moving more mpney at a lower split can often result in higher profits.  And in a higher inflation model, central banks and other factors can often result in more money being kept in matresses than is being floated around the markets.

You're not necessarily wrong, except in making an assumption that may not come to fruition.  This is FAR from normal times, i don't think old norms on how the market behaves is at all reliable. I wouldn't be surprised if in fact the markets react exactly opposite how they are expected to react. Cross your fingers.
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