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 UNIT NAV to Jan 24 = APPROX: $16.65

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Comment by JohnWalkeron Jan 25, 2022 11:52pm

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Post# 34360927

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

navgod wrote: How much of that is return of capital? These so called dividends have no relationship to earnings or cashflow - they are for the most part repayments of your capital.

I have tax receipts from trading FFN last year. FFN's distributions were 100% elegible dividends and NOT return of capital. Of course this year may be different, we'll have to wait and see. Not sure about return of capital inside a TFSA account but it seems to me that would be less of a concern or consideration.

2¢

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