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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 > CAD getting thrashed vs USD
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Post by mousermanon Feb 06, 2023 10:05am
284 Views
Post# 35268989

CAD getting thrashed vs USD

CAD getting thrashed vs USDSO actually helping FFN NAV, even tho most of the holdings are down today.
US banks are closer to even on the day, but CAD banks/lifecos are seeing selling early on.
Seems a rush to the USD again, apparently viewed as safe, while the country struggles with the debt ceiling , OVER 31 Trillion$. 
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