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.

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North American Financial 15 Split Corp > Dashboard Up to Date with New Weightings

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Comment by shortstoryon Oct 04, 2024 3:27pm

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RE:Dashboard Up to Date with New Weightings

Thanks maxjac...the dashboard is truly cool....One part I don't quite follow is the DELTA of 0.22. The two FFN's traded at 5.93 + 10.26 = 16.19 at 3:00pm....NAV's after and before dist were 16.154 and 16.347...I'm not getting 0.22 from those numbers......What are the inputs to the DELTA number arithmetic? and what does the DELTA number tell us about current price of either FFN or FFN.PR? $0.22 undervalued or $0.22 overvalued? for the two together? or just the FFN?
Thank you for your patience...

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