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Bullboard - Stock Discussion Forum 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... see more

TSX:FFN - Post Discussion

North American Financial 15 Split Corp > Does
View:
Post by Investability00 on Apr 14, 2022 10:51am

Does

an at the market offering take the NAV up and premium down?
Comment by 43andRetired on Apr 14, 2022 11:32am
The last overnight offering was announced Jan 22 for 7.75/share. At the time, Class A shares were trading for 7.87 on TSX. Proceeds from sales of these new shares will be used as Quadravest sees fit, to purchase more holdings or to pay out monthly dividends. Purchasing new holdings will raise NAV, paying the May dividend will not. Premium is the difference between fund holdings and trading price ...more  
North American Financial 15 Split Corp