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 August 1

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Post by AnEducatoron Aug 01, 2023 8:25pm

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Post# 35567986

NAV August 1

~$14.26. The capital shares are trading at a discount of ~$0.25.

The CAD dropped by a full half cent today, helping to mitigate some of the damage from weak financials. The performance of FFN is trending towards the likes of DF and LFE given the limited prospects of any near-term dividends.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?