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 > Dashboard potential issue - Dec 5, 2024

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Comment by mousermanon Dec 05, 2024 11:06am

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Post# 36347233

RE:RE:Dashboard potential issue - Dec 5, 2024

maxjac wrote: Number of shares outstanding dropped by -2,775,105 for Class A and by -3,358,905 for preferred (as per TMX) so that's why we have such a high NAV. I'll continue looking to make sure all is good but I think that's the reason.

UNIT NAV posted by Quadravest to NOV 29 is number you need to have at that date. However the outstanding shares are calculated must still make it come out at that number.

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