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North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

North American Financial 15 Split Corp. is a 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, the amount of which is fixed on an annual basis 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 Inglewoodon Jan 30, 2024 4:25pm
144 Views
Post# 35853549

RE:RE:RE:Live NAV: 15.08, 2:30pm Jan 30

RE:RE:RE:Live NAV: 15.08, 2:30pm Jan 30I would feel the same way, but align with what someone else said on another split corp board... there is a lag effect with the fiscal policy... a cut today would not really be felt until later.... so the decision to hold or cut today isn't a decision on where inflation is now, but more so where it will be in 3 or 6 or 9 months... fair amount of guess work involved... other than reigniting inflation, which seems to have been supply driven rather than excess demand driven, the last thing the fed wants is to unnecessarily cause a recession.. with falling inflation, keep real rates the same would mean to cut nominal rates by the same amount inflation has fallen
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