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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 > My NAV calc
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Comment by mousermanon Mar 14, 2023 10:13am
118 Views
Post# 35337176

RE:My NAV calc

RE:My NAV calcCheckman is out to lunch. Apparently doesnt understand the split share structure. Commons value are based on the UNIT NAV, not just the value of the commons. SO he is obviously missing that a major part of the value of the UNIT is the preffered shares. IN FFN for instance 10$ of the UNIT NAV goes to preferreds and the remainder goes to the commons.  
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