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 > Quarterly Portfolio Disclosure - Question on Closing Dates

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Post by maxjacon Apr 20, 2024 12:08pm

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Post# 35999543

Quarterly Portfolio Disclosure - Question on Closing Dates

Hi all spreadsheet gurus and thanks so much for the invaluable information you all provide week after week.

In the Quarterly Portfolio Disclosure documents, we see the weightings per stock, as well as the total net asset value for the entire portfolio.

Question: what closing date does Quadravest use for each quarterly update in order to calculate the net asset value? For example, the February 2024 update... does it use the value of all stock as of January 31 closing date? or is it December 29?

I'm hoping my question makes sense.
Thanks so much!

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