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 > FFN consolidation

<< Previous

Bullboard Posts

Next >>

Comment by Intellectualon May 02, 2023 10:41pm

134 Views

Post# 35426602

RE:RE: FFN consolidation

A consolidation is not necessarily a death knell for capital shareholders. After all, if the NAV rises above $5.00, the distributions would begin to flow once again. The only question of interest is whether the premium would increase or decrease post-consolidation. Anyone paying a price at or below the NAV would have little reason to be concerned.

Splitfunding wrote:
Pesyk1 wrote: What are the chances of a consolidation for FFN . Thank you for your input .
As mentioned it can't happen for a while but I would be concerned if the premium on capital shares continues to be persistent and if it increases over time.