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 > New to FFN

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Comment by NoShoesNoShirton Nov 03, 2024 6:41am

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Post# 36294094

RE:New to FFN

Hi beyondwest. As a closed end fund the selling price doesn't have to match the nav. Smart investors buy discounts and sell premiums.

Beyondwest wrote:
Does this ETF not trade in lockstock with the underlying sercurities? A vast majority of the 15 companies closed in the green on Friday. I am just curious. Thanks in advance.

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