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 > A number US banks will be reporting this week.

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Comment by flamingogoldon Jan 08, 2024 11:57am

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RE:A number US banks will be reporting this week.

Banks and commercial debt will not top our worry list this year. A Biden vs Trump rematch for the presidency will provide great volatility.

mouserman wrote: I do believe JPM, WFC and BAC are due to report this week.
Some analysts are predicting reduced profits for the Q and year, due to bad debts liability.
Could see some pulling back in the banks this month. Nothing is written in stone tho, after what we watched in the last month of 2023... everything is rosecolored in the financials.... except for the facts about the huge debt troubles in commercial, mortgage and consumer credit.

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