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 > FFN unit nav in realtime @ $15.63

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Comment by mousermanon Mar 13, 2024 4:39pm

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Post# 35931375

RE:RE:FFN unit nav in realtime @ $15.63

Inglewood wrote: In any other market, this would be a screaming hot buy....

In the historical sense, this would have been a screaming buy in years past.... I can recal these kind of high yield plays getting a bump up well over 5$ as soon as they reached the threshhold for paying. Not so at present , in these very nervous markets.. I have never seen so many discounted SPLIT funds in the years i have been tracking these. Higher preferred payouts may have some nervous about the sustainablility of the payouts.

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