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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

North American Financial 15 Split Corp
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Post by mousermanon Nov 05, 2024 4:16pm
113 Views
Post# 36297665

FFN closed the day @ $16.82 UNIT NAV

FFN closed the day @ $16.82 UNIT NAVSo basically right back to where it was on OCT 31...
Last sale @ $6.52 leaves it discounted about 30 cents,  or about  4.4%.
ANYONE remember the days when a split fund common this far above  the 15$ thresh-hold  had a yield of over 20% .. and  it  received  a deserved  20% premium? What has changed?
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