North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

Financial Services Asset Management

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.

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North American Financial 15 Split Corp > FFN ... Distribution

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Comment by AnEducatoron Feb 23, 2024 11:12pm

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Post# 35896888

RE:FFN ... Distribution

mqktrader is correct. The last purchase date to qualify for a dividend is Tuesday, February 27. We still have a two-day settlement system so a purchase on February 27th means a settlement date of February 29th, the date of record to qualify for a dividend.

On May 27th, we transition to a one-day settlement cycle in Canada.