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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 > NAV Valentine's Day
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Comment by NoShoesNoShirton Feb 15, 2024 1:12pm
94 Views
Post# 35882232

RE:RE:NAV Valentine's Day

RE:RE:NAV Valentine's Day
AnAmateur wrote: Maybe it's a stupid question. But why are you saying that Quadravest may try to give it extra time and choose a NAV that takes us to dividend? Do they care? Could it be better for the fund to skip one more payment in order to increase the odds of sustaining a higher NAV in the long run?
nobody said choose a nav. Quadravest may choose a date that the nav was above 15 to declare a dividend.   Nav is an audited calculation,  never a choice. 

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