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North American Financial 15 Split Corp. Pref Shs T.FFN.P.A

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.P.A - Post by User

North American Financial 15 Split Corp. Pref Shs > Stacking the FFN preferreds here.
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Comment by alkhoron May 04, 2023 11:29am
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Post# 35430116

RE:Stacking the FFN preferreds here.

RE:Stacking the FFN preferreds here.Why would the preferreds be worth $10 at termination? Won't they just advance the termination date by 5 years and values remain where the were.
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