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 mousermanon Jun 15, 2022 5:17pm

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Post# 34759561

FFN unit NAV to June 15 = $ 13.86

Definitely no distribution in the near future for FFN. Certainly does not appear that the worries are over, despite the huge leap in interest rate by the US FED.
FFN commons are valued at $3.86 before distributions to preferreds.....the premium today is back up there, @ about 13% with big buying from the rose-colored glasses peeps.
Not on my buy list.

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