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

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Post by mousermanon Feb 15, 2024 5:25pm

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Post# 35882947

FFN unit nav guesstimate to Feb 15 = approx; $15.02

Spreadsheet is showing a gain of about 17 cents since JAN 31 . This is a guess as we dont know the exact weighting of each stock. Would make a big difference up or down on MFC.
So hopefully this is accurate and longs can finally get a distribution after the long drought.
For what its worth MFC was the biggest gainer in both FTN ( +11cents) and FFN ( +8 cents ) .

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