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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

Post by mousermanon May 07, 2024 4:31pm
130 Views
Post# 36027521

FFN unit nav to May 7 = approx: $15.81

FFN unit nav to May 7 = approx: $15.81My spreadsheet showing a gain of about 31 cents since the update April 30th..
FFN commons trading at a nice discount here, and may be the short position holders are trying to protect their position and shake some shares loose.
Last trade @ $ 5.56 leaves the common shares trading at a 25 cent discount.Or about 4.3%
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