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

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Jul 15, 2022 8:03pm

349 Views

Post# 34828365

FFN unit NAV to July 15 = approx: $13.88

SO FFN ended up gaining 4 cents since the june 30th update. Most of that came today as Citigroup and others got nice bounces up. Looked at a few of the reports, and wasnt as excited as the street, but it is all about beating the expectations and consensus of analysts.
At any rate FFN at a small discount to NAV, and may see a jump in US banks here for the next short while... but i think the general direction of the US economy will be down in the longer run.

<< Previous

Bullboard Posts

Next >>

This battery metals stock is on a path to the global stage