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North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

Financial Services Asset Management
North American Financial 15 Split Corp. is a 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, the amount of which is fixed on an annual basis 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 unit nav after dist. is apprx: = $16.30
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Comment by mousermanon Aug 01, 2024 8:01am
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Post# 36157792

RE:FFN unit nav after dist. is apprx: = $16.30

RE:FFN unit nav after dist. is apprx: = $16.30
mouserman wrote: SO a big pullback in some of the US banks, and a jump in CAD knocked FFN value down today. My spreadsheet has the gain @ 25 cents since JULY 15th update... CAD was at 72.43 USD as the market closed.
FFN commons now valued at $6.30 , so trading at a significant discount of  19 cents at the days close.
Normal kind of moves on ex divvy date, especially with world event as they are.

Ah i now see i had the UNIT NAV @ $16.49.. and that was out 10 cents . the correct addition was $16.14 + 25 cents = $16.39. Minus 19 cents in distributions = $16.20
Sorry about that.
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