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 20, 2024 10:30am

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Post# 36097786

FFN unit nav in realtime @ Approx: $15.65

So before dist. are factored in FFN commons have a value of about $5.65, and better than i had imagined when i sold some off today. Top holdings of JPM ,GS , BAC and WFC are all up and more than make up for losses in the CAD banks. MFC and SLF are both up nicely today.. so CAD holdings would be flat. A lot can happen in 10 days until ex divvy date.. if i miss out on some upside.. it wont be the first time...lol
Spreadsheet is showing a gain of 21.5 cents at this point in time.

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