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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

Comment by Vorsche948on Dec 14, 2023 3:54pm
240 Views
Post# 35785366

RE:Whoa

RE:Whoai think there's a lot of us at or around that average cost / share that have a long wait for the heal to get back to par. 

but this rally to potentially sneak back into the $15 NAV cutoff for dividend is a promising sight for a lot of months of being not even close. 

just wish interest rates weren't so high for the last year that i could have capitalized on doubling down said average cost with the discount share prices but lo and behold its too expensive to leverage equity and previous leveraged equity needs to be paid down on top of a lovely new high mortgage rate. 

doubled down on that bet with only a 1 yr fixed. ALL IN!
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