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.

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North American Financial 15 Split Corp > How soon can the dividend be announced?

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Comment by alkhoron Jan 02, 2024 2:42pm

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Post# 35807489

RE:How soon can the dividend be announced?

They announced the divvy for DFN on the morning of December 15th. Not sure why they announced so early unless it was to draw more interest. Ironically they amended the valuation for the end of day on the 15th and the valuation was below $15, so it didn't actually qualify for the divy. They might do the same for FFN if it is just over the $15 cutoff at the end of day on the 14th.

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