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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 AnEducatoron Apr 06, 2023 10:48am
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Post# 35382975

RE:RE:RE:RE:RE:NAV March 31

RE:RE:RE:RE:RE:NAV March 31The spike in the preferreds was almost entirely due to the massive increase in the capital share NAV as a result of the consolidation. The preferreds became a much safer investment due to the increase in downside protection which was perilously low prior to the event.
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