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 > Question on Canadian Banks Holdings

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Comment by CDNINV1on Jul 17, 2024 3:18pm

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Post# 36137169

RE:Question on Canadian Banks Holdings

STOCK ARE NOT OWNED ON EITHER EXCHANGE, BUT IF FFN ACTUALLY BUYS OR SELLS SHARES THEY PROBABLY COULD USE EITHER. THERE IS ALSO MORE THAN 1 EXCHANGE IN CANADA WHERE STOCKS ARE TRADED. BECAUSE QUADRAVEST IS A CANADIAN FUND, ALL VALUES ARE CONVERTED TO CDN $. IFYOU CONVERT THE US PRICE BY THE EXCHANGE RATE THE VALUE IN CDN $'S IS VERY CLOSE TO THE PRICE ON THE CDN MARKETS.

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