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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

North American Financial 15 Split Corp > Why does FFN want to buy up to 10% of outstanding shares?
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Comment by kurtwalteron May 27, 2024 2:46pm
155 Views
Post# 36059209

RE:RE:RE:Why does FFN want to buy up to 10% of outstanding shares?

RE:RE:RE:Why does FFN want to buy up to 10% of outstanding shares?Company response:

"As you may know, the market will dictate the trading prices of FFN and FFN.PR.A, however there is a Normal Course Issuer Bid (“NCIB”) program in place which was just renewed.  The program allows a limited number of shares to be purchased from time to time in the open market, if it is considered advisable, with the objective of supporting any discounted trading prices. "
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