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 > Look out below!

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Comment by JohnWalkeron May 09, 2022 10:45am

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Post# 34666757

RE:Look out below!

Once bitten, twice shy. I lost a whole pile on these almost exactly a month ago trying to short them right around $7.00 and went against me.

But today I closed my short on DGS that I placed on Friday - bought 12K shares to close and made $1,650 holding for just the weekend. Today I jumped back into shorting FFN - should make holding these thru the next divi date easy as at this point there's almost zero chance they will pay. Hopefully will regain my previous losses - sold 30K short so far and may add a few more over the next few days.

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