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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 > NAV March 31
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Comment by Splitfundingon Apr 05, 2023 7:27am
169 Views
Post# 35380385

RE:RE:RE:NAV March 31

RE:RE:RE:NAV March 31I'm not an expert at split funds but from what I understand it occurs when the common shares become far overvalued. It happened to FTN at the last ermination date. The shares were consolidated at a 2.5 to 1 ratio and basically lost 60% of their value. It would take several years of study dividend payments to make up for that capital loss if you bought in at the funds usual value.

It's laughable how these companies claim the common shares can benefit from 'capital appreciation" when historically all that's ever happened is capital destruction.
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