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 > Can anyone tell me why?

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Comment by mousermanon Apr 04, 2023 2:39pm

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Post# 35379328

RE:Can anyone tell me why?

Well margin calls may make some selling appear. But as far as explaining why FFN commons trade at a premium of about 30% today, it is even more of a mystery.
I am sure the UNIT NAV is suffering BIGTIME today. And probably will continue to deteriorate for a while. Great short on the commons still.....

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