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 > NAV is north of $8.00

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Comment by slston Dec 13, 2024 3:22pm

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Post# 36361632

RE:RE:NAV is north of $8.00

It would be BRILLIANT, if they issue preferred shares into the market at a premium, and buyback A shares at such a massive discount.

Generally, such funds will not use funds on hand to buyback because in reduces the managers income. Unless they are really confident abount growing the fund.

Best play for now is to keep issuing the premium prefs, and buying the A. Good Luck Longs.

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