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

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Post by mousermanon Jun 13, 2024 4:28pm

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Post# 36087940

FFN unit nav to June 13 = approx: $15.44

SPREADSHEET is showing a loss of about 42.5 cents since the update May 31 ..
Give it rounded down to 42 makes the COMMONS worth $5.44 today... With tomorrow being the calculation date for Quadravest, i cant see FFN missing the distribution to commons. Today was a bad day down, but to miss tomorrow , there would have to be an allout crash of financials.
May be a good buy here tomorrow..

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