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 Aug 26 = $15.845

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Comment by mousermanon Aug 27, 2024 9:39am

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Post# 36197453

RE:Closing.FFN unit NAV net of dist for Aug 26 = $15.845

CDNINV1 wrote: Exchange rate 74.15 cents....so UNIT NAV would be $16.037 before dist. are factored in. Today commons have a value of $5.85 net of dist. .. the price at the close was $6.04 so the premium paid will get you the dividend of 19 cents if shares are held by shareholders til record as at August 30, 2024.

Actually if you hold both Preferreds and commons you would get 19 cents in distributions.
The commons alone only get 11.335 cents

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