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

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Post by AnEducatoron Jun 03, 2024 11:23am

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Post# 36069328

NAV @ 11:17 am

~$15.81. We are currently hovering around $0.03 over par value.

The Bank of Canada's critical interest rate decision on Wednesday is the data point to which we should be paying close attention. It looks like the markets are expecting a rate cut. Given the U.S. Fed's inclination to hold rates for a little longer, we could see a drop in the CAD if a rate cut is indeed what is announced. This would certainly be positive for FFN.

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