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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

Comment by navgodon May 06, 2022 4:55pm
212 Views
Post# 34663513

RE:Stock movements that make you go, WHAT????

RE:Stock movements that make you go, WHAT????
mouserman wrote: So i mentioned DFN today, and it is down 12 cents , trading at about a 12% premium. But very safe and will be paying for sure the next few months. It has actually  got some nice movement UP in some of the holdings, and is maybe flat today, or down a penny in UNIT NAV.
Then we have the most overvalued split fund common out there, with not 1 holding up, and only down 7 cents . This despite a huge premium , of at last $1.70 here i think, ( or about 37% premium) and is not anywhere near the 15$ threshhold for paying.
Kind of wishing i had gone short on FFN last week when i went a big cash position. Sometimes you can make more on shorting these anomalies than trying to buy for distributions and income.


Come on mouserman join the dark side it is not to late to short FFN.
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