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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

Comment by mousermanon Nov 08, 2024 8:51am
56 Views
Post# 36302801

RE:RE:At first glance at the weightings

RE:RE:At first glance at the weightingsThe other thing i noticed was the % of NAV on my spreadsheet for the top holdings was lower... The change from the AUGUST cash position shown in documents as 8% to current  11% caused me take down the top holdings % of NAV.. where your stayed the same. I did not take off as much off  from the lifecos  MFC,SLF, and GWO, which have shown to have gained a higher %  since that date AUG 31 than  most of the US  banks. MS definitely the exception..  and why they jumped to number 3.  JPM actually was lower OCT 31 than AUG 31.. Funny how we could come out to the same NAV with very different % weightings.. My spreadsheet was a bit higher UNIT NAV than the dashboard, but within a penny.
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