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

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Post by mousermanon Mar 11, 2022 10:27am

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Post# 34506424

CAD rising vs USD, hurting biggest holdings in FFN

Altho the share price for the commons have jumped over 1.4% this am, the associated stocks have not... USD pressure has made the US banks held in the fund, barely positve, with some actually down on the day considering the drop in the USD.
CAD stocks held in the fund, were 37% of the fund, mostly up and these not affected by the USD exchange.

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