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 > FFN UNIT NAV to Jan 24 = APPROX: $16.65

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Comment by Toppicks1on Jan 24, 2022 9:40pm

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Post# 34356402

RE:FFN UNIT NAV to Jan 24 = APPROX: $16.65

mouserman wrote: SO that values the commons at about $6.65 before distributions, and despite being dumped because of the offering, FFN still trading at a healthy premium to NAV. Dividend pigs obviously chasing yield. After distributions FFN commons would have a value of $6.48... and that will begin to show up on ex dividend date....

I'm one of those pigs have owned 60000 shares for years. Don't know of any better divi returns any where. If your all about capital appreciation go els where. I get 6801 per month.

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