Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 unit NAV to Aug 26 = approx: $14.29
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(143)
•••
Comment by Eoj123on Aug 28, 2022 11:08am
222 Views
Post# 34925229

RE:RE:RE:FFN unit NAV to Aug 26 = approx: $14.29

RE:RE:RE:FFN unit NAV to Aug 26 = approx: $14.29I don't share your pessimism Ed. When FTN did a consolidation on it's common share it was due to an unequal amount of preffered share compared to commons tendered for retraction on Dec 2020 which was the date of maturity/termination of the fund. FFN does not mature/terminate until Dec 1 2024. My opinion is FFN commons will probably miss paying for another couple months only, but who really knows. In the mean time, the prfeereds are paying just fine and will be paid out at face value if one chooses to hold till termination date. 
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities