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 > Don't sell FFN, buy more.

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Comment by Higherhopes2020on Nov 27, 2024 11:59am

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Post# 36333734

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

After the retraction NAV is going to come down to par with the market price. FFN market price might go down below the NAV! So Don't sell FFN, buy more will that work? We do not know how consolidation is going to work since after retraction we will have less FFN than preferred shares. When we will Know how many FFN has been requested for retraction? Please educate us. Thanks.

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