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 > Mispriced assets X2

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Post by EdPaquetteon Mar 31, 2023 11:21am

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Post# 35371825

Mispriced assets X2

The chances that banks gain 10% and FFN starts paying exists, but is slim for now. Most see the banks going down in the short term. The better deal here is FFN.PR.A available for a discount. Buy it for 9.40, and redeem it for 10. Collect 8% while you wait. It's true value is $10 unless unit nav falls below 10. As for FFN, it should be at a discount while not paying, so it should trade for $2.50, and I think it will by Halloween.

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