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.

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North American Financial 15 Split Corp

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Post by mousermanon Jun 08, 2022 12:10pm

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Post# 34740565

Big changes in weightings for FFN

One positive was that RY now is the top weighting in FFN, however 6 of the top 8 are now US based banks. Overall it seemed to make very little difference to the UNIT NAV , as i calculated up the US banks to hold 49% of the UNIT NAV and 39% for Canadian with 12 % in cash.
It came out to about $14.79 at yesterdays close.

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The investment impact of the U.S. 25% tariff on Canadian imports