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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 > if the dividend tops paying the price drops drastically
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Post by splitendfun on Apr 14, 2022 2:29pm

if the dividend tops paying the price drops drastically

Its been my experisnce when the split funds with a high dividend can not pay the dividend that the price drops drastically.

that might be a better time to buy it if your interested in buying it.  Personally this fund is at a huge premium to buy right now. :-)
Comment by mdoldon on Apr 14, 2022 3:14pm
That's not just your experience, that's a virtual guaranteed behaviour.  Half the holders  of splits buy for the capital gains, half for the dividend.  Once the retun is zero, the only value to the stock is the NAV, .  In a volitile market where we face hyper inflation even before the war, and with an uncertain future on that front, I doubt we'll see a lot of ...more  
Comment by splitendfun on Apr 14, 2022 3:29pm
thanks for the insight!! i did not realize Quadravest chose to renew 'at the market' offerring...
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