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 > FFN November 15th $18.21 Nav per Quadravest Fund Feature !!

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Comment by mousermanon Nov 19, 2024 9:01pm

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Post# 36320856

RE:FFN November 15th $18.21 Nav per Quadravest Fund Feature !!

So some adjustment needed as i was about 3.5 cents high .. and likely the cash position jumped after covered calls or simply taking profits. Will change the UNIT NAV in my spreadsheet and see where some profits might have been taken.
FFN unit nav on my spreadsheet drops to $18.04
Last sale @ $7.41 means the discount changes to 63 cents or about 7.8%

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