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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 > Someone's shorting, now oversold.
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Comment by mousermanon Jun 13, 2024 2:21pm
186 Views
Post# 36087617

RE:Someone's shorting, now oversold.

RE:Someone's shorting, now oversold.
EdPaquette wrote: With quadravest planning to buy up shares when trading below nav, it's safe to buy.

Certainly looks like the selling is a bit over the top... down over 5% and FFN has lost less than FTN due to a bigger % of USD holdings. However the loss  in NAV is still making the cushion over 15 $ look very small at this time. Current UNIT NAV in realtime is at about  $15.43 , with the spreadsheet showing a loss of 43 cents since MAY 31...
Last trade was at $5.40 so commons  trading very close to the  true NAV,.
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