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 @ 12:07 pm

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Comment by AnEducatoron Jan 08, 2024 7:11pm

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Post# 35816608

RE:RE:NAV @ 12:07 pm

The previous update had 54% U.S. - 39% Canadian - 7% Cash. So all that changed in the December update was an increase in the U.S. position by 1% and a decrease in the cash position by 1%. To achieve that, I chose to simply increase all of the U.S. positions my marginal amounts, between 0.1% and 0.3%, giving greater weight to the largest names.

mouserman wrote: Did you level up the CAD % holdings to 39% and the US holdings to 54% with 7% cash? It was a bit of a puzzle but had to make the biggest 2 holdings in FFN at quite a high % to make the equation kind of work out.

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