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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 Sep 02, 2024 9:06am
69 Views
Post# 36205075

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:FFN Dashboard on the Web!

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:FFN Dashboard on the Web!I don’t know of any factor to predict the cycle trend you found. I honestly think that if you find a cycle with FFN, it’s likely to do with the overall market or more specifically with the banking sector.

Personally, I only play with my own money. I wouldn't feel comfortable doing what you suggested because of what I mentioned on FFN not paying for months in a row. If you want to borrow money and buy FFN with your borrowed money, then I'd probably look at FFN.PR.A instead (the preferred shares of FFN) although they trade at a premium, there's a good chance you'll be able to ride the dividend for a year or more and sell them back for the same price or around the same price you bought them. Although it’s less of a gamble than with FFN, it’s still a gamble.

No, I’m not aware of a tool that would allow you to calculate tax numbers as you are looking for but I’m sure there’s something out there.
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