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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

North American Financial 15 Split Corp > NAV December 20
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Post by AnEducatoron Dec 20, 2023 4:28pm
272 Views
Post# 35794570

NAV December 20

NAV December 20~$14.70. Discount on capital shares: ~$0.39. Distance from threshold: ~2.07%.

We lost around $0.16 from yesterday's closing NAV. Other than deeply overbought conditions, I am not aware of any news that would cause the sudden change in sentiment late in the day. A strong January will get us to payment status, but we will need to make up the dividend amount paid to preferreds as well.
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