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 14, 2024 1:01pm

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Post# 36089476

FFN unit nav in realtime @ $15.40

With the US holdings starting to turn green FFN now only down 4 cents since yesterday. Am buying this under 5.20 as that seems a decent discount. Lots of time to buy more if we get a rebound in financials before ex divvy date. Canadian financials are definitely a lot worse than the USD holdings.
If they bounce back a bit today, we could see the same UNIT NAV as the close yesterday.
Value of the FFN commons at his point in time is $5.40

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