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

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Post by mousermanon Nov 01, 2024 11:08am

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Post# 36292292

Waiting to update spreadsheet with new holding list

And cash position likely has changed. So will watch the dashboard... and then when we get the full update adjust the spreadsheet. Currently at $17.12 UNIT NAV before distributions and $6.93 for commons after dist. are accounted for. Trading 15 cents below NAV for some odd reason. Altho that is not as big as FTN discount.

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