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North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

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

Comment by 43andRetiredon Apr 14, 2022 11:18am
180 Views
Post# 34603848

RE:RE:Is there any prediction

RE:RE:Is there any predictionI 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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