North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

Financial Services Asset Management

North American Financial 15 Split Corp. is a 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, the amount of which is fixed on an annual basis 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

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Post by mousermanon Mar 01, 2023 11:55am

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Post# 35312667

FFN unit nav in realtime = APPROX: 15.18 before distribution

So that would mean the commons are valued right at 5$ AFTER distributions are taken off.
Some freakouts are selling off FFN like its going under 4$ here. Gone are the days when FFN was at 5$ value and traded over 6$... guess more fear in the markets now. Unless of course you have DFN or DGS, and then traders believe everything has to go up from here.

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