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North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

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

Post by mousermanon Nov 03, 2023 4:32pm
211 Views
Post# 35716581

FFN unit nav to Nov 3 = approx: $13.29

FFN unit nav to Nov 3 = approx: $13.29Quadravest updated the UNIT NAV to $12.73 to OCT 31 , and my spreadsheet says the gain is now about 56 cents since OCT 31. Commons would have a value of $3.29 here , and with the last trade @ $3 the discount is 29 cents or about  9.67 % Not the lowest in those under a 4$ UNIT  NAV , as DF and LFE trade at bigger discounts.
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