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 net of dist for Jul 25 = $16.065

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Comment by mousermanon Jul 25, 2024 4:37pm

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Post# 36148765

RE:Closing.FFN unit NAV net of dist for Jul 25 = $16.065

CDNINV1 wrote:

Exchange rate 72.33 cents. Includes approx. 1.3 cents for Ry dividend went ex- div today

Since FTN 's NAV is figured in CAD , RY dividend is $1.42.
My spreadsheet has FFN UNIT NAV @ $16.28 before distributions. FFN commons then have a value of $6.09 after dsitributions. The last sale @ $6.13 leaves FFN @ a slight premium.

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