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 > Dashboard Up to Date with New Weightings

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Comment by maxjacon Oct 04, 2024 8:56pm

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Post# 36254167

RE:RE:Dashboard Up to Date with New Weightings

Hey @shortstory thanks so much for the feedback! The delta is just a side thing that is the result of the following calculations:

NAV (after distribution) MINUS $10 MINUS FFN Stock Trading Price

When the result is green, then “in theory”, you are buying FFN at a discount compared to its current value. When it is red, then you are paying more for it than what it “should” be worth. Keep in mind that the trading value of FFN on the stock market doesn’t directly follow the NAV but it can give you some indications to make your buying or selling decisions.

As of 8PM on Friday October 4, 2024 that would be $16.191 - $10 - $5.92 = $0.271

Hope this helps!

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