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.

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North American Financial 15 Split Corp > Wow Wow Wow

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Comment by myNEXTmillionon Dec 15, 2024 3:04pm

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Post# 36363260

RE:RE:RE:Wow Wow Wow

Interesting sentence in the news release on Friday...

"The company may use the normal course issuer to repurchase Class A shares at or below intrinsic value. The current intrinsic value exceeds $8.00 per share. "

My guess, FFN wanted to raise the share price. They may have kept hitting the bid to raise it. May do so again on Monday to raise the share price so the shares can be sold through the ATM process, thereby minimizing the effects on the NAV. JMHO...

mNm

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