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 > Interesting...

<< Previous

Bullboard Posts

Next >>

Comment by marcroberton Dec 09, 2024 12:50pm

115 Views

Post# 36352973

RE:RE:RE:Interesting...

there no special payment, they bungled the news title A holders get 0.50 (shares for 1 share). so it's 1 for 2. However, the payment threshold is total nav of 12.50, the question was whether 12.50 becomes 15 post consol. If still 12.50, it may begin to pay again potentially unless td continues to slide

"to provide holders of Class A Shares with regular monthly cash dividends in the amount of $0.05 per Class A share if and when the net asset value per Unit exceeds $12.50; "

<< Previous

Bullboard Posts

Next >>

They started in video game investing, now they serve high net worth traders