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 > FFN preferreds get some buying...

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Comment by AnEducatoron Nov 03, 2023 4:33pm

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Post# 35716582

RE:FFN preferreds get some buying...

Most of the preferreds have been trending higher but today the buying accelerated with the execution of large market orders. I always wondered for how long the low prices could last. FFN preferreds still comprise a vast majority of my portfolio.

Obviously I wish I had loaded up on some capital shares last week.

mouserman wrote: So apparently what is good for the FFN is commons is also good for the preferreds. Looking as tho 10$ will come a lot sooner than DEC 2024....

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