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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

Post by mousermanon Apr 04, 2023 2:55pm
197 Views
Post# 35379371

FFN unit nav in realtime = approx: $13.43

FFN unit nav in realtime = approx: $13.43So down about 20 cents since the monthend  when i rejigged the update with the closing prices at March 31.Maybe today we will get the Quadravest update and get a little better read on ow they did.
Premium here i would say is about 90 cents after distributions to preferreds are included.
Not quite a 30% premium but any premium is too much at this point.
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