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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 > Time to leave FFN?
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Comment by mkqtraderon Jan 24, 2024 11:27am
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Post# 35843018

RE:Time to leave FFN?

RE:Time to leave FFN?If you kept them when they were below $3, my suggestion would be to keep them now, since they are back, very close to the dividend threshold. Eventually, you might try to do the swap with BK, which seems to be very solidly above the dividend threshold, once you got payments for a few months, but I would take into consideration the fact that BK stocks are trading at values above NAV while FFN is trading below NAV... 
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