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.

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North American Financial 15 Split Corp > NAV March 8

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Comment by AnEducatoron Mar 09, 2024 4:22pm

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Post# 35924693

RE:RE:NAV March 8

Quadravest generally uses the closing NAV as of the 15th of each month in declaring their distributions. However, if the NAV falls below the payment threshold as of that date, they reserve the right to use a prior or subsequent date if any of those are at or above the threshold. Their aim is to pay out a dividend to prevent a collapse in the share price and maintain interest in these investments.

Teddyboy11 wrote: Great to see the NAV where it is but can you explain why you feel Quadrafest would use another date if necessary to calculate NAV eligibility next week? I haven't seen them do this before.

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