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

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Post by oldbrit34on Nov 15, 2024 5:29pm

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Post# 36315831

No longer a weak split..

There was a time not long ago when FFN would have been considered a weak split as it was close or under the $15 dividend cut off.But baby look at you now. We are seeing a discount to NAV of 12.75 % .....yes you got that right PLUS it is $3.245 over the dividend cut off. Thats 21.6% over the $15 stop dividend mark. I think its time for FFN to be rerated.

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