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 > UNIT NAV to 1:20 CST = approx: $18.42

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Comment by NoShoesNoShirton Jan 16, 2025 3:34pm

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Post# 36407798

RE:RE:UNIT NAV to 1:20 CST = approx: $18.42

I'm in the same boat. Plan to let dividends gradually pay off my margin. Hopefully I have guts to hang on through the ups and downs.

Inglewood wrote: Totally unreal. Like how large can this discount get! This is leaving me at a such a cross roads... I'm extremely overweight in FFN/FTN and want to reduce my concentration (and margin balance lol), but it is so DIFFICULT to sell at 15% discount to ACTUAL VALUE.

Maybe Quadravest needs to do a special, one-time dividend of 25 cents to attract investors into the most discounted funds.

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