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North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

North American Financial 15 Split Corp. is a Canada-based 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 in the amount of over 5.5% annually 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

Post by mousermanon Jan 28, 2023 8:46am
474 Views
Post# 35251669

FFN unit nav to Jan 27 = approx: $15.22

FFN unit nav to Jan 27 = approx: $15.22Spreadsheet now showing a gain of  19 cents since the OCT 13 update. Great moves up in some of the US banking holdings and  CAD lifecos along with  decent moves in some of the CAD banks, have more than  offset moves down in the top holdings of GS and JPM.
SO commons now have a value of $5.22 before distributions, and about $5.04  after distributions are handed out.
 Still in reality FFN is riding the bubble @ 15$ threshhold zone.
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