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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 > USD falling vs CAD /MXN currencies early
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Comment by azzurrion Nov 07, 2024 9:17am
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Post# 36300703

RE:USD falling vs CAD /MXN currencies early

RE:USD falling vs CAD /MXN currencies earlyI wonder if it is just a matter of the awareness?
Those aware of the NAV (such as those on this board) realize it is an unprecedented discount.
Perhaps once the mid month NAV becomes public knowledge around Nov. 19/20 the class A's will jump to fill in some of that discount? Of course, that assumes the NAV doesn't tank for whatever reason between now and then. Another thing, anyone that submitted class A's for special retraction privilege by end of last month will reap a nice gain assuming NAV holds up to end of November.
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