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.

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North American Financial 15 Split Corp > According to FULL update

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Post by mousermanon Nov 12, 2024 4:53pm

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Post# 36308991

According to FULL update

FFN shares out should be 58,342,859 if we divided the market cap by the price of the commons. That is a much higher total than StockWatch shows today.. which is 55,338,392... so I am not sure exactly what has happened and what the end result would be.
Preferred shares total would be exactly the same as for the commons... if we divide the market cap $$ by the price of the preferreds, and that seems out of touch with reality if there is a retraction in progress.

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