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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 > Room for everyone
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Comment by JohnWalkeron Jan 17, 2023 3:22pm
334 Views
Post# 35228882

RE:RE:RE:Room for everyone

RE:RE:RE:Room for everyone Well, yes, I'm chasing yield. I made decent capital gain on LCS (average $0.50 per share) but LCS pays distribution of $0.075 per share while FFN pays distribution of $0.11335 per share. In my position I need that extra and it seems a no brainer.

flamingogold wrote: I've never done well chasing. Maybe this is the one that would change my luck. But, just won't do it.

JohnWalker wrote: Now that they announced distribution, I have moved 60% of my LCS over to FFN.





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