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 Dashboard on the Web!

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Comment by maxjacon Aug 21, 2024 10:32am

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Post# 36189695

RE:RE:FFN Dashboard on the Web!

This morning, the shares outstanding were updated on the TMX for both FFN and FFN.PR.A and increased from:

Shares Out Class A 53,332,392 to 54,034,592

Shares Out Preferred 54,323,692 to 55,463,592

This then diluted the NAV on my dashboard automatically. Let's see what others say about that because if it's wrong then I've got to change the way things calculate.

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