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 > Mispriced assets X2

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Comment by mousermanon Apr 04, 2023 10:30am

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Post# 35378437

RE:Mispriced assets X2

For some reason, investors , (gotta be newbies) are buying and supporting FFN commons.
Today alone the holdings have probably lost about 20 cents asmthe CAD banks /lifecos joining the red brigade, those US holdings going down and USD dive helping the losses accumulate.
FFN preferreds will get some life here very soon, i am predicting.

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