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

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TSX:FFN - Post Discussion

North American Financial 15 Split Corp > FFN unit NAV to Jan 20 =approx: $ 16.90

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Post by mouserman on Jan 20, 2022 8:27pm

FFN unit NAV to Jan 20 =approx: $ 16.90

SO the big gains FFN made in the first 2 weeks of january have mostly disappeared already, as they have lost 59 cents off the UNIT NAV since the 14th of JAN.
SO still trading very near a 10% premium even after the beating today... I suspect we will see more downside in the next few days.
Talk of rising interest rates in Canada in the near term have spooked the markets, or at least that was the media talking heads take on it.

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Comment by mdoldon on Jan 21, 2022 3:04pm

" at least that was the media talking heads take on it." Very well put. That's the point exactly. Every time we see a big market move, the talking heads will almost instantly have a reason why. In reality, they usually know nothing more than anyone without a soapbox. Unless something major and identifiable has happened, I tend to give ...more

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North American Financial 15 Split Corp