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.

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North American Financial 15 Split Corp

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Post by mousermanon Mar 02, 2023 5:45pm

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Post# 35316249

FFN unit nav to March 2 = Approx: $14.94 before distribution

So spreadsheet says FFN has lost 46 cents off the posted UNIT NAV on the 15th, if we include the bounce up in CAD vs USD. After distributions the UNIT NAV would be $14.76, and commons would carry a value of $4.76.
Will wait to make an accurate spreadsheet until after we see the month end report with Chnages to weightings and cash. IF there are any.

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