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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

North American Financial 15 Split Corp
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Post by amugsgameon May 16, 2022 10:48am
224 Views
Post# 34686232

Only Conclusion I Can Make Is....

Only Conclusion I Can Make Is....That the Reddit WallStreetBet followers have locked on to FFN with their "to the moon" fantasies. After all who else would be buying this today other than complete brain dead types. Shorts (like myself) are waiting for the no div announcement and have no need to cover but, at the moment, bids are lined up at every penny interval between $5.80 / $5.95 
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