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North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

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

Comment by NoShoesNoShirton Dec 02, 2024 9:30am
45 Views
Post# 36340485

RE:Interested

RE:InterestedIt's worth mentioning they let the Preferred vs common count be out of whack in the past.
canon12345 wrote: Very Interested too see how quadravest handles the situation as it does appear that a forced preferred retraction would have been announced already if that was their method of balancing the common/preferred outstanding. Has shown me personnally I should probably have a better understanding of the nuances that split funds have. Thanks navgod for your insight on here and you appear to have the best handle on what may happen with the special retraction. Anyway will watch with interest on what transpires over the next week or two.


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