North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

Financial Services Asset Management

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.

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North American Financial 15 Split Corp > NAV May 1

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Post by AnEducatoron May 01, 2023 7:09pm

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Post# 35423932

NAV May 1

~$14.01. Closing premium on capital shares: ~$0.12.

There were a couple of holdings trading ex-dividend last week resulting in a slight adjustment higher to the NAV. It would be surprising to see the official calculations match mine unless the fund manager was relatively inactive the last two weeks.

It is remarkable to see the VIX continue to hover at such depressed levels, especially with the Fed in play on Wednesday.

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