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 > CLOSING FFN unit NAV for Jul 17th = $16.51

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Comment by Splitfundingon Jul 17, 2024 6:11pm

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Post# 36137469

RE:RE:CLOSING FFN unit NAV for Jul 17th = $16.51

CDNINV1 misspoke, I'm sure he meant to say discount, as in the stock trades at a 34 cent discount to its actual NAV. A premium would mean the stock price is higher than the NAV which is very much not the case here.

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