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North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

North American Financial 15 Split Corp. is a 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, the amount of which is fixed on an annual basis 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 AnEducatoron Apr 19, 2023 1:03pm
420 Views
Post# 35403325

Short position

Short positionIt will be very interesting to see where the short position stands in the next update. It stood at just below 300,000 shares as of March 31. A large position would generally provide natural downside support. One should be aware, however, that the numbers, when released, will be dated. I would assume many positions would have been closed given the surprisingly strong earnings from the U.S. financials. I would certainly not be pressing my luck here if I were short.
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