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.

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North American Financial 15 Split Corp > Is there any prediction

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Comment by 43andRetiredon Apr 14, 2022 11:18am

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Post# 34603848

RE:RE:Is there any prediction

I track the weighted holdings from Wells Fargo at the top, to US Bancorp at the bottom and my prediction is PileOfShits calculation tonite will be sub-15. I read that many US Banks disappointing earnings are due to less retail investmor revenue, which sounds like a longer term issue to me, keeping that sub 15 level for a while. The issue with this fund for me is that I believe a good deal of shareholders are ignorant of how this fund works. So...final prediction is I think it will tank when they realize it won't pay next month.

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