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 > Re Retraction

<< Previous

Bullboard Posts

Next >>

Comment by Inglewoodon Dec 09, 2024 1:10pm

172 Views

Post# 36353019

RE:RE:RE:RE:RE:Re Retraction

My guess is that if there is a split, the distribution amount will be reduced by the same percentage.

When FFN consolidated 5 years ago, the distribution amount was raised by the exact percentage of the consolidation. Quadravest wanted to keep the post-split yield exactly the same.

As an example, if we have a retraction percentage of 20%, then we will have a 1-for-1.25 split. The distribution amount will then = 0.1135 / 1.25 = .09068.

BUT THESE ARE ALL GUESSES B/C NOBODY KNOWS WHAT QUADRAVEST IS ACTUALLY GOING TO DO. I concur with Navgod that Quadravest will do whatever is best for Quadravest first.

<< Previous

Bullboard Posts

Next >>

3 Mid-Sized Stocks to Consider This Season