North American Financial 15 Split Corp T.FFN

Closing Est FFN unit nav for December 13th = $18.075

[CDNINV1]

Exchange rate 70.245 cents. Close but 2 cents higher than Dashboard. Appears that the increase in Units by the  end of November saitsfied all retraction rights !!!

[mouserman]

The way i read it, is that with the NCIB they are buying commons at the current  discount., and so can make up the difference that way, or have mostly done it already... so no need for a reorganization. I suspect it will be the same with all the others who are retracting , if   they have NCIB running as well. This how FFN worded their NCIB. "The Company will not purchase, in any

[mouserman]

now that i read it all.. the shares repurchased are generally cancelled . The Board of Directors of the Company, on the advice of Quadravest Capital Management Inc., the Company’s investment manager, believes that such purchases are in the best interests of the Company and are a desirable use of its funds. All purchases will be made through the facilities and in accordance with the

[CDNINV1]

As you previously posted on OCT 31 & Nov 1  Class A shares market price was trading only 15 to 18 cents below Nav .  I believe that not that many were turned in for retraction!