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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 > FFN unit nav to Feb 03 = approx: $15.34
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Post by mousermanon Feb 03, 2023 4:57pm
416 Views
Post# 35266036

FFN unit nav to Feb 03 = approx: $15.34

FFN unit nav to Feb 03 = approx: $15.34Some changes to FFN holdings as MS moved up and GS moved down. Will have a better idea of the cash position of these Quadravest funds when they do the full update. Commons now valued about $5.34.
Last sale at $5.62 means the premium is only 28 cents. What a stark difference from the last time FFN hit the 15$ threshhold and the common stock shot up over 6.20$.
Premium here is only  5.2%. ONLY LCS has a lower premium of those above the level of paying.
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