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

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Comment by flamingogoldon Aug 29, 2022 5:03pm

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Post# 34927957

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

I think we have increasing odds of a June retest of the lows, or within a few percent anyway. Powell really dropped the hammer on Friday by referencing Volker in his speech and his mandate to keep tightening rates to fight inflation. As they always say, don't fight the FED.

EdPaquette wrote: You missed my point. For 2 funds to have the same nav, but one is trading at a discount and the other at a premium, LCS is a better deal. Also banks need to build reserves and it's clear sailing for lifecos.

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