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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

Comment by Splitfundingon Jan 25, 2024 8:55pm
268 Views
Post# 35846284

RE:Nav discount

RE:Nav discount Naw, these splits are always undervalued when they aren't paying out dividends, especially so in this case since its been so long. But once it reaches payment threshold and Quadravest announces the divy there's going but be a HUGE surge of buying pressure that with drive the price up by a dollar or more complely evaporating that discount. Best be to get in now while it's still cheap because it won't be for long.
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