North American Financial 15 Split Corp. FNCSF
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Rating Factors
Company Overview
North American Financial 15 Split Corp. is a Canadian split share corporation designed to provide investors with exposure to a diversified portfolio of large-cap North American financial services companies. The company operates within the investment management and structured finance segment of the capital markets industry, primarily serving income-focused and yield-oriented investors through its dual-class share structure.
The corporation offers two classes of publicly traded shares: Class A Shares, which aim to provide leveraged capital appreciation and quarterly distributions when conditions permit, and Preferred Shares, which are structured to deliver fixed, priority distributions and principal repayment at maturity. The company’s value proposition is based on providing enhanced yield and differentiated risk-return profiles through a professionally managed portfolio of established financial institutions. North American Financial 15 Split Corp. was established in 2011 and has since operated as a passive investment vehicle with periodic share term extensions subject to shareholder approval.
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Price History
- Low
- $4.36
- Current
- $6.81
- High
- $11.25
Valuation
Dividends and Shares
Corporate Info
Suite 2510, P.O. Box 51
Toronto, ON M5V 3K2