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 > New Shares Count Out on Tmx

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Comment by mousermanon Dec 21, 2024 12:15pm

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RE:New Shares Count Out on Tmx

SO quadravest needs to sell more thru the ATM to get it back to even on the preferreds. OR buy some preferreds, but that is silly at the big premium right now. I suspect FFN preferreds will see some selling soon here, as the yield dropped a bit. But with the uncertainty in the markets, perhaps not a bad place to stay.

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