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 > Juneteenth holiday maybe fooled some folks?

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Post by mousermanon Jun 19, 2024 3:18pm

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Post# 36096514

Juneteenth holiday maybe fooled some folks?

I was one of those , woke up groggy as usual and looked at the list of US banks in solid green numbers. SO did a quick calculation to see where FFN was, and GS and BAC came up exactly the same as yesterdays number... and then the light bulb came on.LOL
It is a holiday in the US, a relatively new one. No stocks are trading.
SO in reality , looking at the CAD financials getting hammered again, FFN would be down, even the US holdings would have a tiny loss due to the currency change with the USD dropping vs CAD.

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