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 to March 13 = approx: $15.62

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Mar 13, 2024 4:50pm

313 Views

Post# 35931395

FFN unit nav to March 13 = approx: $15.62

Trading at a very attractive valuation... anytime you get some nice safety coverage above the 15$ threshhold with the annual YIELD NEARLY 25% its a good buy. There is the possibility of some downside , if the FED doesnt cut rates as quick as the market believes will happen. Underwater Commercial debt is the scary situation right now.

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale