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 > Preserve your capital

<< Previous

Bullboard Posts

Next >>

Comment by lordmuckon Apr 26, 2022 1:54pm

139 Views

Post# 34632892

RE:RE:RE:RE:Preserve your capital

It got hit on low volume and then stop sales kicked in.
The only other thing is that since interest rates are on the rise the difference between what the preferreds pay now and what one can get on a GIC does not seem as enticing as when GIC rates were lower.
For my money though these things are a bargain today.

<< Previous

Bullboard Posts

Next >>

NervGen Pharma: Proof that NVG-291 works?