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 08, 2024 2:53pm

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Post# 36303790

FFN unit nav to 1:30 pm cst = approx; $17.84

So after all was updated and levelled out with 15% cash, likely from covered call income... the UNIT NAV has still gained $1.02 since OCT 31... things can change quickly in these with the currency moves and CAD holdings bouncing up a bit. Not selling any here soon. If it was only a 2% discount i might think about it. But last trade around $6.92 means a discount of 11.7 %.

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