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 October 24

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Comment by NoShoesNoShirton Oct 28, 2023 2:35pm

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Post# 35705760

RE:RE:RE:RE:RE:NAV October 24

Kylemcc10 wrote: That cant be entirely true. Preferreds arent 100% risk free. Their capital can be at risk, the downside protection they mention is simply the Class A taking the hit first. I can't help but notice another quadravest product, FTU. The site still claims they aim to pay $10 on wind up. However, class A is worth almost nothing and preferreds are 5 bucks. Total NAV is only $5.46. wondering how much the market can fall before PR holders begin to worry is a very valid question

Agreed Kyle. FTU grinds down by a dollar per year. 5 years from now it will be zero. Preferred shares zero. Capital shares have been zero for years already.

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