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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 florida12on Jan 26, 2023 12:55pm
311 Views
Post# 35248069

RE:RE:RE:RE:Room for everyone

RE:RE:RE:RE:Room for everyone   Be careful with FFN JohnWalker.....it's high divident comes with high risk....has missed dividend payments for 8 ? or so months in 2022....the US bank and Insurance holdings in the fund make it more volitile. I'M NO EXPERT OR PROFESSIONAL in the market.....BUT you could take a look at LBS with the Canadian holding of financials/ lifeco it is MUCH LESS volitile and pays a dividend of 0.10....just a thought...
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Dealroom for high-potential pre-IPO opportunities