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 > stop loss triggered

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Comment by mdoldonon May 05, 2022 1:25pm

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Post# 34659261

RE:RE:RE:RE:RE:RE:RE:stop loss triggered

Just on a fund focus basis, I'd be pretty nervous about getting too deeply into anything focussed on real estate in this environment. It's one place that could get blown to hell if rates keep climbing. 10% yield is nice, but it doesn't take much of a share drop to wipe that out.

A few yrs ago it wouldn't bother me, R/E will always come back in time. But getting too old to have to wait 5 yrs for a major drop to come back Funny how your priority changes when you get old!

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