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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 maxjacon Nov 11, 2024 8:37pm
58 Views
Post# 36307533

RE:RE:RE:Newest holdings weightings....

RE:RE:RE:Newest holdings weightings....Hi @CDNINV1, I know it's weird but it's because the dashboard doesn't use that data point (it doesn't use the total fund value published by Quadravest) - although I do save it in the database but don't show it on the webpage.

The total fund value in the Dashboard is always an estimate (even the one in the left column - the historical one is estimated too). The logic I built uses the NAV and shares outstanding for the overview table at the top of the webpage.

This is the calculation:

total_fund_value = (shares_outstanding_class_a * (NAV_before_distribution - 10)) + (shares_outstanding_preferred * 10)

Why not use the offical value for the historical side of the table? There are other reasons but mainly, it's for consistency in the calculations and because we never have that offical value for the mid-month update anyway so I figured I would estimate it all the time.

Please note that the NAV in the historical side of the table is the offical one published by Quadravest.

Also, another thing to note: The reason why the HISTORICAL Total Stock Investments and the Est. Total Asset Value that are shown at the bottom of the webpage (in the big table) do not exactly match with the HISTORICAL values in the top overview table is because the ones at the bottom are calculated from the share values and the one at the top from the NAV and shares outstanding.

Hope this helps!

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