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.

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North American Financial 15 Split Corp > Thanks mouserman

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Comment by mousermanon Nov 18, 2022 11:22am

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RE:Thanks mouserman

I had a small holding in FFN as well. And my sell got taken out today as well, didnt see over a 10% gain for FFN this quick. Put those funds into DGS. I find it a better value.

alkhor wrote: Based on your NAV estimates being above $15, I bought FFN earlier this week at $5.15 (I missed the sell-off yesterday) Sold my shares today at $5.67 for a nice 10% gain in a few days.

I would have held on to the shares longer, but to me there is too much risk of the NAV falling below the $15 level, so I took the money and ran.

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