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

<< Previous

Bullboard Posts

Next >>

Comment by mousermanon Dec 05, 2024 3:30pm

90 Views

Post# 36347876

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

RBC nexia does the monthend and midmonth calculations and i know they take into account changes in cash position and outstanding shares of both classes. So why would we bother ? Once we have the UNIT NAV number, its only 15 days until the next update, and just hope there is not big changes in that 2 weeks. As we have seen , we can very close simply using the % weightings ( we guess) and the gain/loss in each holding % wise and in monetary terms .

<< Previous

Bullboard Posts

Next >>

Full Circle Lithium goes global with its battery fire-fighter