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

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Post by mousermanon May 09, 2022 10:24am

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Post# 34666629

Sometimes just gotta laugh

So , the 2 split funds gettting smoked the hardest , both down 3.2% , is FFN ( understandable) and DFN ( a bit hard to figure)
DFN actually has a much green showing today as any of the split funds i follow... and its junior lookalike from Quadravest DF, has the same holdings , altho in different weightings.
DF down less than what DFN is, so safety and ability to pay to commons appears to carry little weight when the chicken littles start running for the exits.
Wishing i had shorted FFN now .... but wondering who is shorting DFN?

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