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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.


TSX:FFN - Post by User

North American Financial 15 Split Corp > NAV
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Comment by AnEducatoron Jun 16, 2023 12:55pm
183 Views
Post# 35500443

RE:RE:NAV

RE:RE:NAVA decline to 1.365 for the CAD would amount to a $0.20 gain in the NAV, which is about 1.4% of yesterday's closing NAV. This is because it would be a move of just over 3.1% in the currency, and the portfolio is only 51% invested in U.S. financials. 

If the portfolio were all invested in U.S. financials, there would be a direct correlation between the NAV and the currency.

Splitfunding wrote: Correct me if I'm wrong AnEducator, but if the Canadian dollar weakens back to say the 1.365-1.37 level, would that alone not account for about half that 8% gain required needed to reach the 15.00 target? 


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