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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 18, 2024 8:19am
78 Views
Post# 36317659

RE:RE:RE:RE:RE:Retraction and Consolidation

RE:RE:RE:RE:RE:Retraction and Consolidation
maxjac wrote: I'll have a look at the impacts and implications of using/showing the official historical value from Quadravest for the historical total fund value instead of the estimated value. It should be fine but I have to check first. I will update this board if I make any changes to that.

For the number of shares outstanding and the sales proceeds of the ATM program being already accounted for in the cash value of the October 31 update... Are we 100% sure they're already included?

Just want to be sure before starting to make changes to my code.

I would think that the OS share count and cash % is accurate to OCT 31 . And that is why I dont track the share totals of each holding. I only track/estimate  the %  of  NAV for each  as that takes care of any changes. I have been doing this for quite a few years now on several split funds, and many times I have been accurate to the penny.... Now when covered call action and changes to the weightings happen in the first 2 weeks of the month before the 15th update, we can be out at times up to 5 or 6 cents.. but that is something you cant control without  a source giving you the info. But the 15th update gives you a hint of how close you were..  The effects of the retraction wont be known until after the November  monthend , according Navgod , who has been involved in the retractions in a big way for a long time,  and so he is the expert I defer to on these matters.
 
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