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.

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North American Financial 15 Split Corp > Retraction

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Comment by elonmuskrat247on Dec 01, 2024 2:48pm

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Post# 36339728

RE:RE:RE:RE:RE:RE:RE:Retraction

Most likely if the number of class A shares remaining after redemption is much less than the number of preferred shares, the class A will be split to make more shares, and if necessary the preferred share will see some forced redemption to even out the count of shares. Similar to LCS but they only issued 14 extra class A shares per 100 shares held and no redemption of preferred shares.

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