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 > On the bid for more FFN this am.

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Comment by JohnWalkeron Feb 02, 2023 1:32pm

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Post# 35262776

RE:On the bid for more FFN this am.

mouserman wrote: UNIT NAV for FFN is jumping up some again today, and i have unloaded the remaining DGS in my portfolio, preferring to get on the bid for more FFN.
Better valuation and higher yield, simple reasons for making the switch.
Also pecked away at more LCS, which remains at a discount despite taking off the distribution payment to preferred and common shares for mid FEB.

So, is that you with 90K bid at $5.54 ?

LOL

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