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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 elonmuskrat247on Dec 13, 2024 12:08pm
101 Views
Post# 36361184

RE:If A's are split...

RE:If A's are split...Share split results in more shares in your account at a lower nav per share, but more distributions for the holder. The total Nav of all shares combined remains the same, it is a wash essentially. As an example pre split if you have 1000 shares at $8 Nav equals $8000. Post split you may have 1200 shares at $6.67 Nav equals $8000. But post split you will get the distribution x 1200 shares instead of x1000 shares.
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