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 > May 3 Estimated Common NAV @ 4.84, Premium @ 32.3%

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Comment by Justrealityon May 04, 2022 2:42pm

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Post# 34655920

RE:RE:May 3 Estimated Common NAV @ 4.84, Premium @ 32.3%

yes it is an easy short still
-I am different... I like shorting closed end funds that trade at a 35% premium to their NAV-
I am only short 8000 now
was short 15000 at average $7.10 (I did have to pay the last dvd)
-these CEFs have to be traded
mental stop buy at $6.50 to close position

will watch NAV and hopefully short more a couple days before they announce not paying dvd on split
.... caveat being have to watch the NAV

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