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.

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North American Financial 15 Split Corp > CPI comes in cooler than expected,

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Comment by Splitfundingon Jun 13, 2024 8:52am

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Post# 36086670

RE:CPI comes in cooler than expected,

The FED took some of the shine off the CPi report yesterday, but today's PPI readings are even better. Month over month the reading came in at NEGATIVE 0.2%

YoY Growth: 2.2% actual vs 2.5% expected (prev 2.2%)
Core 2.3% actual vs 2.5% expected (prev 2.4%)

MoM Growth: -0.2% actual vs 0.1% expected (prev 0.5%)
Core 0.0% actual vs 0.3% expected (prev 0.5%)

Question is are 3 cuts back on the table?? Remember the FED didn't have the CPI and PPI data. The only negative side effect of this for FFN is the resulting USD drop.

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