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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

Bullboard (TSX:FFN)

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(11)
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  • SplitfundingX
Comment by Splitfundingon Dec 09, 2023 2:53am

RE:NAV December 8

Thanks for the update, that discount is getting quite enticing. If she's able to reach 15 and pay out sometime in the next few months this thing will absolutely skyrocket! Of course there's ...more  
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(1013)
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  • AnEducatorX
Post by AnEducatoron Dec 08, 2023 7:40pm

NAV December 8

~$14.21. Discount on capital shares: ~$0.67.  I have not updated the portfolio to reflect the latest update, so the numbers may be off marginally. Fed meeting next week as well as quadruple ...more  
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(1013)
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  • AnEducatorX
Post by AnEducatoron Dec 07, 2023 7:19pm

NAV December 7

~$14.08. Discount on capital shares: ~$0.63.  U.S. non-farm payroll data released tomorrow morning @ 8:30 am is the next important data point.
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(5)
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  • anubis44X
Comment by anubis44on Dec 07, 2023 3:11pm

RE:NAV December 6

Yes, MouserMan has been a stalwart for providing NAV updates on these split funds. Thank you very much for also contributing!
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  • Jonathon BrownX
Post by Jonathon Brownon Dec 07, 2023 8:32am

Buzz on the Bullboards: Who’s taking off and who’s grounded

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(1013)
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  • AnEducatorX
Post by AnEducatoron Dec 06, 2023 7:15pm

NAV December 6

~$14.00. Discount on capital shares: ~$0.57.   I was the beneficiery of MM's hard work for some time, so it was only fair that I try to contribute to these boards. POS was also very diligent ...more  
Comment by mousermanon Dec 06, 2023 5:51pm

RE:NAV December 5

Yes big thanks to AnEducator for taking over a bunch of these spreadsheets, and he is doing a great job. Sometimes there is some guesswork involved, but he has that down to a fine art.
Comment by Holdrrrron Dec 05, 2023 11:14pm

RE:NAV December 5

Hey thanks for the update
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(1013)
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  • AnEducatorX
Post by AnEducatoron Dec 05, 2023 4:23pm

NAV December 5

~$14.01. Discount on captital shares: ~$0.65.  Increased dividend announcements have given investors confidence to get back into the Canadian banks. Looming on the horizon, however, are mortgage ...more  
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(1013)
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  • AnEducatorX
Post by AnEducatoron Nov 30, 2023 7:17pm

NAV November 30

~$13.83. Discount on capital shares: ~$0.59. I am seeing a gain of approximately $0.20 since the last update. The posted numbers may differ a little more than usual if Quadravest has made adjustments ...more  
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(0)
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  • flyboy86X
Comment by flyboy86on Nov 30, 2023 12:49pm

RE:FFN preferreds hit my target...

I was just looking at these in light of the announcement to increase distributions to over 9% starting in December. What types of things are you pivoting into if reducing positions on these preferreds ...more  
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(1013)
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  • AnEducatorX
Post by AnEducatoron Nov 29, 2023 11:07am

Plenty of green

Yesterday is a distant memory with the exhibiting significant strength this morning. Even BNS, of all stocks, is surging by 3.2%. I suppose so much bad news was reported yesteday that investors now ...more  
Comment by tinkvidon Nov 29, 2023 8:48am

RE:FFN preferreds hit my target...

Happy with the move but will maintain full position until the new year and will re-evaluate then. The flight to safety in the midst of earnings is where I will stay. Chart on ALL the preferred's ...more  
Post by mousermanon Nov 28, 2023 3:47pm

FFN preferreds hit my target...

So been a nice run up over the 10$ target i had set on these preferreds. Started reducing here, as it may not be the safest of the split fund preferreds. If we get a big selloff in US banks, the ...more  
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(1013)
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  • AnEducatorX
Post by AnEducatoron Nov 28, 2023 1:35pm

NAV @ 1:25 pm

~$13.54. Discount on capital shares: ~$0.36. A "kitchen sink" quarter from BNS has depressed the entire Canadian Financial sector today. A surging CAD is not helping matters either. More ...more  
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(893)
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  • flamingogoldX
Comment by flamingogoldon Nov 24, 2023 9:47am

RE:Distribution increase kicking in on prefs

I was too early to post this, the Prefs still have one more distribution at the old lower rate before the increase takes effect.