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 Jul 29, 2022 4:23pm

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Post# 34861142

Ffn commons up over 9.3% today?

Wow , some very eager beaver buyers today. Maybe these folks not understanding that FFN is big % US banks and the NAV is figured in CAD$.
At the close the CAD was @ 78.15 cents to the USD. That's means when calculating the gains you must deduct 2.4% off the price for the month end calculations, since the July 15 calc. Was done with CAD only at 76.29 cents US. Outside of GS the us banks had minimal gains since July 15.

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