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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

TSX:FFN - Post Discussion

North American Financial 15 Split Corp > Logic has left the building
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Post by mouserman on Apr 13, 2021 3:22pm

Logic has left the building

So every stock in FFN goes up for a few days in a row, and the share price of the commons actually goes no where, even drops a bit. Today every stock in the fund is down, NOT ONE is up.. and some are down signifiantly... and where does the price of the commons go ? UP.... of course. 
Dont take me wrong, i am not complaining since FFN is my biggest holding... but i am afraid i am at a loss to explain the trading. 
DF i sold off today, as 16 of the 20 stocks in the fund are down and the UNIT NAV has crept back closer to the 15$ threshhold with a few days of trading until the 15th still.  Only one stock in the top 10 in DF is up, and that one is up very little. No point in waiting until they post that this split fund wont be paying commons to unload. I bought DFN with the proceeds, as its stock price was down today, WITH ALMOST the exact same stocks / weightings.... it is up a penny now,,,
SO DFN even on the day , but DF which may or may not pay depending on the next few days, goes up over 3%... trading at 5.35 with a NAV just below 5$ as i type this. 
LOGIC??? i dont see any..
Comment by alkhor on Apr 14, 2021 2:40pm
DF has to be the worst of the Quadravest funds. It seems to rarely pay a dividend and is normally stuck below $5. I bought FFN at $3.75 because it has a history of normally paying the dividend, a very good purchase and now I'm stuck wondering whether to sell it at a very good gain or keep it and continuing getting the dividend. I doubt I can lose either way.
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