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 > FFN unit NAV to July 24 = approx $14.41

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Comment by anubis44on Jul 25, 2023 10:52am

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Post# 35555843

RE:RE:RE:FFN unit NAV to July 24 = approx $14.41

I believe the financials have been lagging tech and other sectors, and now they're simply catching up due to some sector rotation. Looking at the monthly chart for the XLF (which is the tracking ETF for Large cap US financials-which includes the big Canadian banks/insurance companies' US tickers, too--a good proxy for the holdings in FFN) shows we're at a decision point, running into resistance at 35.56, which is the opening price of the monthly breakdown candle from March this year. If we can get above and hold above 35.56, there may be next resistance at 36.49, and then at 38.58. I'm of the opinion that there is a fair chance of getting above both of these.

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