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Bullboard - Stock Discussion Forum North American Financial 15 Split Corp - Class A T.FFN

Alternate Symbol(s):  FNCSF

North American Financial 15 Split Corp is an investment company. It invests in an actively managed portfolio of common shares comprised of core large-capitalization Canadian and United States financial services companies. It also invests in equity securities of issuers. The company's investment objective is to provide holders of Preferred Shares with cumulative preferential monthly cash dividends and to provide holders of Class A shares with regular monthly cash distributions.

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Buzz on the Bullboards: Weathering the Storm?
Sponsored by Now that we’re officially in the second half of 2022, analysts are warning that the rest of the year could prove to be challenging for the stock market. While the first half of the... read article.

FFN load up the truck BANK STOCKS

hi all,  well major sell off yesterday again and this stock with a hi dividend and all the top 15 bank stocks i ready for a rebound. I loaded up again and this is one that can move now that the...read more

Jul 6 Estimated Common NAV @ 3.70, Discount @ 1.3%

Jul 6 estimated combined NAV: 13.70, -0.51%.  Safety margin: -8.7%. Preferred NAV: 10.00 (no dividend accrued).  Discount: 0.26 for $9.74. Common NAV: 3.70, -0.07 (-1.87%).  Discount: 0...read more

Time to buy in

With split stocks this is the time to load up. They will always rebound with the market and at this price you double.   rate and reply
@ the Bell: Major markets slip, fall & flatten as commodities drop on recession worries
Canada’s resource-heavy main stock index fell on Wednesday as weakness in oil and metal & mining prices weighed on commodity stocks amidst growing fear of a global recession.The energy sector... read article.

Jul 5 Estimated Common NAV @ 3.77, Premium @ 1.3%

Jul 5 estimated combined NAV: 13.77, +0.11%.  Safety margin: -8.2%. Preferred NAV: 10.00 (no dividend accrued).  Discount: 0.28 for $9.72. Common NAV: 3.77, +0.02 (+0.42%).  Premium: 0...read more

RE:Jun 30 Estimated Common NAV @ 3.67, Premium @ 9.7%

Jun 30 estimated ex-dividend combined NAV: 13.67.  Actual: 13.64.  Variance: +0.03.  rate and reply

Quadravest updates FFN unit nav to June 30 @$13.64 after dst

My spreadsheet has FFN gaining about 10 cents since that time, altho the USD did rebound quite big vs CAD. Still trading at a small premium tho, and going to be awhile before it sees a distribution to...read more
@ the Bell: Commodities drag TSX stocks lower as recession fears grip global markets
Canada’s main stocks index slid more than 1 per cent on Tuesday, following up a bigger market selloff as global recession worries came to the forefront, while energy stocks dipped along with oil... read article.

Covered last of my shorts

Might even go long at some point. Main short FTN at moment. GLTA  rate and reply

Jul 4 Estimated Common NAV @ 3.78, Premium @ 5.0%

Jul 4 estimated combined NAV: 13.78, +0.80%.  Safety margin: -8.1%. Preferred NAV: 10.00 (no dividend accrued).  Discount: 0.23 for $9.77. Common NAV: 3.78, +0.11 (+2.98%).  Premium: 0...read more

FFN’s Total Returns to Jun 30

FFN’s return of -33.6% in Jun is the worst one-month crash since Dec 2018 (-35.7%).  Incredibly, it is even worse than Mar 2020 (-32.5%).  The only worse month is Nov 2008 (-51.2%). ...read more

Jun 30 Estimated Common NAV @ 3.67, Premium @ 9.7%

Jun 30 estimated ex-dividend combined NAV: 13.67, -1.21%.  Safety margin: -8.9%. Preferred NAV: 10.00 (no dividend accrued).  Discount: 0.28 for $9.72. Common NAV: 3.67, -0.17 (-4.37%). ...read more

RE:Short is still the play on FFN

Also, FFN.PR paying almost 7% is a very good place to hide  rate and reply

Short is still the play on FFN

For those who believe this will quickly bounce back and start paying, shorting the stock as hedge will pay much better than averaging down. JMHO tho... paying a premium for a split fund common  ...read more

RE:RE:RE:PULCAN invest $25k in FFN dividend

Thanks for the clarification everyone who chimed in. To set the record straight, my Son's account shows the stock as the Class A stock in name, but the details expose that it is the PRA.A stock. ...read more

Jun 29 Estimated Common NAV @ 3.84, Premium @ 4.9%

Jun 29 estimated ex-dividend combined NAV: 13.84, -0.15%.  Safety margin: -7.7%. Preferred NAV: 10.00 (no dividend accrued).  Discount: 0.24 for $9.76. Common NAV: 3.84, -0.01 (-0.26%). ...read more

RE:RE:PULCAN invest $25k in FFN dividend

I have a simple explanation for why you think FFN's dividend is still being paid.  The absence of the May dividend (the first dividend missed since Dec 2020) appears on the Jun statement (the...read more

Jun 28 Estimated Common NAV @ 3.85, Premium @ 6.7%

Jun 28 estimated combined NAV: 13.91, -0.08%.  Safety margin: -7.3%. Preferred NAV: 10.06 (all of 0.05625 monthly dividend accrued).  Discount: 0.23 for $9.83. Common NAV: 3.85, -0.01 (-0.28...read more

US stocks tumble on consumer confidence data

US STOCKS-Wall Street tumbles as consumer data fuels recession worries (For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * U.S. consumer...read more

Last month's announcement for FFN

  N.A. Financial 15 to pay 5.625-cent dividend June 10   2022-05-18 12:49 ET - News Release   An anonymous director reports NORTH AMERICAN FINANCIAL 15 SPLIT CORP. REGULAR...read more

RE:RE:PULCAN invest $25k in FFN dividend

Well somebody is lying here, and its not the longtime posters here. Here is a cut form SW which clearly shows FFN commons have not received a distribution. Perhaps your son has preferred shares. THEY...read more

RE:PULCAN invest $25k in FFN dividend

In the post above, the isolated part confuses me a lot. My son owns exactly this "North American Financial 15 Split Corp - Class A" stock and has been collecting monthly DIVs on this...read more