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Bullboard - Stock Discussion Forum 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... see more

TSX:FFN - Post Discussion

North American Financial 15 Split Corp > Distribution increase kicking in on prefs
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Post by flamingogold on Nov 10, 2023 2:01pm

Distribution increase kicking in on prefs

Just a reminder that anyone who holds this now will see their distribution bump up from $0.06458 to $0.07917 / share. And, if interest rates decline at all in 2024 we should see share prices tick up as investors begin to bail out of GIC/money market funds into the higher yield here.
Comment by flamingogold on Nov 24, 2023 9:47am
I was too early to post this, the Prefs still have one more distribution at the old lower rate before the increase takes effect.
North American Financial 15 Split Corp