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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 navgodon Sep 09, 2024 4:52am
51 Views
Post# 36214274

RE:RE:Regarding FFN Preferred Shares Dividend

RE:RE:Regarding FFN Preferred Shares Dividend
Splitfunding wrote: Don't worry, it's all but guaranteed that they won't. They made that the big boost to make the product more appealing relative to options of parking ones money, not just other splits but to compete against the increased popularity of indexing. A reversal of that thrend would result in a large decrease of interest in them. And secondly, never once have they reduced the dividend payout on the preffered shares of their products. Payouts to the common shares of some of their splits are a different matter...

Totally disagree there will be a reduction in the pref interest rate the question is how much? My guess 75 -100 basis points.
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