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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 > FFN UNIY NAV to JUly 11 = approx: $16.08
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Comment by Splitfundingon Jul 12, 2024 11:40am
79 Views
Post# 36130241

RE:RE:RE:FFN UNIY NAV to JUly 11 = approx: $16.08

RE:RE:RE:FFN UNIY NAV to JUly 11 = approx: $16.08Huh, what do you mean weak? JP and Citi BOTH BEAT expectations, only WFC failed to do so;

Citigroup tops expectations for profit and revenue on strong Wall Street results
https://www.google.com/amp/s/www.cnbc.com/amp/2024/07/12/citigroup-c-earnings-q2-2024.html

JPMorgan Chase tops second-quarter revenue expectations on strong investment banking
https://www.google.com/amp/s/www.cnbc.com/amp/2024/07/12/jpmorgan-chase-jpm-earnings-q2-2024.html

Typical market overraction. JP already bouncing back as we speak. In any case FFN still trading at a slight discount  even with the 7% & 3% drop in WFC and Citi that knocks off 0.12cents from the NAV.
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