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 > Don't sell FFN, buy more.

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Comment by navgodon Nov 27, 2024 10:08am

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Post# 36333385

RE:RE:RE:RE:RE:RE:RE:RE:Don't sell FFN, buy more.

AwesomeMatthews wrote: I figured you were referring to the commons makes no sense to redact the pref. Congrats it's looking like that worked out handsomely and movibng it over to FTN means you don't have to deal with the reshuffling. Sorry for being so inquisitive but this is the first time for me going through this.When do you expect them to realign the FFN portfolio? Also does Quadravest just drop the cash into your account in or around the 29th of November?

Mouserman's comment seems about right. I expect my proceeds to arrive the second week of Dec no later than the 13th.

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