North American Financial 15 Split Corp T.FFN

T.FFN UNIT NAV to May 18= approx: $14.44

[mouserman]

And so that values the commons at $4.38 or so after distributions are paid to the preferreds in June.
Today the the NAV is sinking hard again, as most of the holdings are down, AND the USD now has lost nearly 2% vs the CAD since May 13.  SO US holdings are ALL down since that date.
Will update tonight,  and we will see  the FFN  commons dropping more towards  a 4$ value here, than bouncing back above 5$. Not sure what the airheads buying the commons at 6$  are thinking.

[alkhor]

It is baffeling, but so far today over $3,000,000 has been spent on a stock that will not recover for some time while no dividends are coming in. I notice on RBC the detailed quote shows the dividend still at a 22.67% return, so some investors must be buying based on this without doing any research.

[my2pennies]

I'm scratching my head too. I haven't been paying much attention to the split fund portion of my portfolio lately (my bad), but as soon as I saw that they would report a NAV under $15 I sold, and and moved into DFN with the proceeds. I was expecting this FFN to fall off a cliff and that I was too late to sell, but was pleasantly surprised people struck my 6.10 ask the other day. Should