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.

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North American Financial 15 Split Corp > NAV October 12

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Post by AnEducatoron Oct 12, 2023 4:40pm

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Post# 35681276

NAV October 12

~$13.11. Discount on capital shares: ~$0.03.

Unexpectedly hot CPI numbers took the markets to the woodshed, with financials taking a beating.

Tomorrow, some large U.S. financials report. The commentary, especially from the highly-regarded Jamie Dimon, will likely have a larger impact than the results themselves. Half of FFN's portfolio consists of U.S. financials, so tomorrow will be critical.

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