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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

North American Financial 15 Split Corp
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Post by mousermanon Feb 28, 2022 4:18pm
169 Views
Post# 34469001

FFN UNIT NAV to FEB 28= approx: $16.48

FFN UNIT NAV to FEB 28= approx: $16.48So my spreadsheet  ( guesstimate) shows FFN losing 88 cents since the midmonth update.
SO commons now have a value of  $6.48 before distrbutions and $6.31 after .
i estimate the commons are trading at around an 18% premium here. ( after dist)
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