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.

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North American Financial 15 Split Corp > May 31 Estimated Common NAV @ 5.01, Premium @ 21.2%

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Comment by mousermanon Jun 01, 2022 2:16pm

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Post# 34724052

RE:May 31 Estimated Common NAV @ 5.01, Premium @ 21.2%

My USD vs CAD on May 13 showed the close @.7679 CAD/USD and May 31 @ .79.02
A Difference of 2.23 cents OR 2.9
GS value at May 31 would be $317.38 and falling a lot further today.

PileOfShit wrote: May 31 estimated ex-dividend combined NAV: 15.01, -0.07%. Safety margin: 0.1%.
Preferred NAV: 10.00 (no dividend accrued). Discount: 0.21 for $9.79.
Common NAV: 5.01, -0.01 (-0.20%). Premium: 1.06 (21.2%) for $6.07.

Changes Since May 13
Price: +0.22 (+3.75%). NAV: +0.68 (+15.33%).
Worst performers: CM +1.4%, SLF +1.5%, BAC +3.7%.
Best performers: C +9.9%, JPM +8.8%, NA +7.9%.
USD: -1.99% (included in US stocks).