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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 > FFN shorts will make money...
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Comment by mousermanon Jun 08, 2022 11:39am
249 Views
Post# 34740406

RE:RE:RE:FFN shorts will make money...

RE:RE:RE:FFN shorts will make money...Yes  , finally an update. Appears FFN did use some cash to invest in financials in both US and Canada during the last few weeks of May.... not a positive at this point today..
Obviously the market has figured out how OVERVALUED FFN commons, were, considering that some high yielding split fund commons were trading at much lower premiums.... and will not miss any distributions this year.
Nakate wrote: Total Net Assets $781,945,761 Inception Date Termination Date Net Asset Value $15.01 Cash Weighting 12% Canadian Equity Weighting 39% Top Holdings US Equity Weighting 49%

https://www.quadravest.com/_files/ugd/78f11d_82244d76fc8f4df08b6280eaa90966e4.pdf


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