North American Financial 15 Split Corp T.FFN

stop loss triggered

[Chefboy69]

i set a stop loss..it might have been too close to share price but i am afraid the divi is too high and they will lower it

[EdPaquette]

[Chefboy69 splits neve lower the dividends.   They just stop the dividends.   ]i set a stop loss..it might have been too close to share price but i am afraid the divi is too high and they will lower it[/quote]

[Chefboy69]

that is why i set a stop loss 

[Chefboy69]

very happy i set my stop loss. I usually do not set stops for my investments but after reading this board and the yahoo board. I decided it would be prudent, apparently it was a good idea. A loss of $10 for the buy and sell(commisions) and I recieved about 5 divi payments.. Market is full of uncertainity and I am starting to pick at some US stocks...finally after 2 years its starting to become

[Chefboy69]

sorry if you did not sell LOTS of warning I might nibble at preffered's but I bought HYLD instead WAY SAFER check out HYLD have a great day all

[JohnWalker]

How is it safer? There is almost NO HISTORY.

[Chefboy69]

it is safer because the divi yield is 12% instead of 21%

[EdPaquette]

FFN.PR.A is safer because it has a guaranteed buyback of $10 as long as combined nav is over 10.  All the preferreds are down, I think people were storing money there to free up when markets are down to find bargains. 

[Eoj123]

So Ed, question for you. How does the guarantee $10 work, is it at the reset date Dec1 2024 and is it regardless of the fund extending for another 5 years or not?  Do/would they just "re-set" the share price of ffn.pr to $10 or is it a payout to the existing holders via cheque, I suppose that would only happen if the did not do the extention. I think the ATM certainly hinders the

[EdPaquette]

[navgod]

The yearly redemptions are only against the unit NAV so no $10 quarantee for the Prefs. The Dec 1 2024 reset/extention does allow the prefs and capital shares to be redeem separately, so as long as the unit NAV exceeds $10 you would get $10 back for redeemed Pref shares.

[Eoj123]

Yes, I just spoke with IR and that's what she said also. It's not a guarantee like a bond redemption, but as long as the combined NAV is $10 or more then the preferreds receive the first $10, regardless of the fund being extended or not. Upon extention the prefereds would have the option to take a redemption payout at $10 or stay with the shares as is. So one would assume the market would

[DOOMSDAYE]

I believe the NAV stayed above 10$ even during the covid crash of mar 2020....

[DOOMSDAYE]

This is what happened with ftn_pa, lots were retracting before fund end cause it was below par, those who retracted were kicking themselves as it shot up considerably above par after rate hike....

[Kylemcc10]

Kinda random HYLD is not even remotely the same sectors nor is it a split fund. 

[DOOMSDAYE]

HYLD IS DOWN 12% ytd 

[Chefboy69]

I bought back into FFN and and i bought HYLD at same time So i can do a comparson for you LOL

[jeanstk]

BRE.T paid throughout the covid as well and compared to HYLD it is $14-15 and the yield is higher at near 10%. Very good company, well managed, into real-estate and low outstanding share at 9.5m. For your consideration.

[Chefboy69]

thanks i know Bridgemarq..but i bought HYLD for the upswing in us equites US market was VERY over sold  but again thank you very much 

[mdoldon]

Just on a fund focus basis, I'd be pretty nervous about getting too deeply into anything focussed on real estate in this environment.  It's one place that could get blown to hell if rates keep climbing.  10% yield is nice, but it doesn't take much of a share drop to wipe that out.  A few yrs ago it wouldn't bother me, R/E will always come back in time.  But

[flamingogold]

Real estate is a slow moving train compared to markets. The last real correction was in 1989 and prices didn't come back to par until 2002 or 13 years later. And, that's not including inflation either.

[mdoldon]

Just on a fund focus basis, I@d be pretty nervous about getting too deeply into anything focussed on real estate in this environment.@ It@s one place that could get blown to hell if rates keep climbing.@ 10% yield is nice, but it doesn@t take much of a share drop to wipe that out.@ A few yrs ago it wouldn@t bother me, R/E will always come back in time.@ But getting too old to have to wait 5 yrs