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 mousermanon Jul 25, 2023 2:19pm

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Post# 35556330

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

The regional bank failures had a lot to do with the major banks getting a lower valuation. AS well the ratings agencies all downgraded the US banking sector back then...
Not sure if they have raised the ratings back up again or not.
Regional banks hold a majority of the big commerical / industrial real estate debt and that still may cause some troubles, particularly if FED speak says more rate hikes coming this fall.

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