North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

Financial Services Asset Management

North American Financial 15 Split Corp. is a 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, the amount of which is fixed on an annual basis 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 > Retraction

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Comment by NoShoesNoShirton Nov 30, 2024 9:41pm

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Post# 36339294

RE:RE:RE:RE:Retraction

I have no doubt that quadravest will be OK. But class A shareholders might get whacked. Preferreds will be fine, always worth 10.

lilswede wrote: Question for the board: as the Ffn preffereds have been trading above 10.00 for some time I suspect none were sent in for retraction. But my question is..could the common share retraction affect the preferred shares or share price?
Thanks

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