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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

Comment by maxjacon Aug 21, 2024 10:23pm
225 Views
Post# 36191116

RE:FFN Dashboard on the Web!

RE:FFN Dashboard on the Web!August 21, 2024 update at 10:15PM eastern time.
I've added logic to the dashboard that will do the following:
1- look to see if there is an increase in the number of outstanding shares since the last update (either on 15th of the month or last day of the month)
2- if there is an increase, then we assume there was an ATM offer.
3- calculate the number of shares sold using the difference between the current number of shares and the previous number of shares.
4- calculate the proceeds from the sale using the closing price from the day before the last update (so we use the 14th of the month or the last day of the month minus one day)
5- remove half a percent for commission
6- do the above for both class a shares and for preferred shares
7- add rows to the overview table at the top of the webpage and at the very bottom too but only show those rows when point #1 is true above.
Update is live at https://dupli.ca/ffn
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