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 mousermanon Nov 27, 2024 4:19pm

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Post# 36334427

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

No way to know exactly, if 10% retract could be 20 cents and/or cash in hand may get er done.. with collected dividends and the 15% cash they reported at OCt. 31 > so a lot depends also where the NAV lands on Nov 29th, i believe was the date.. The next week will be the full month end update TO Nov 29th, but not sure if that update will address the outstanding counts for both classes of shares. I have swung a couple of trades positively in the past week or two as well, so I think I am going to do OK with the shares i hold at this time. Have reduced just in case..

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