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 > NAV July 28

<< Previous

Bullboard Posts

Next >>

Comment by JohnWalkeron Jul 28, 2023 5:49pm

99 Views

Post# 35562470

RE:NAV July 28

AnEducator wrote: ~$14.29. The capital shares are trading at a discount of ~.09.

The U.S. financials served to drag down the NAV even as the Canadian financials has a strong showing. The unit NAV needs to rise approximately 5% to reach payment status. This likely won't happen any time soon, but most buyers here are surely doing so for the capital appreciation and not for any realistic hope for the reinstatement of the dividend any time soon.

Indeed, there are fairly large moves during the day allowing for some profits on swing trades. I have orders for more sitting in the weeds, but I did manage to pick-up 900 shares today at $4.13.

<< Previous

Bullboard Posts

Next >>

Pro Women’s Hockey League comes to NHL 25 in December