North American Financial 15 Split Corp T.FFN

FFN unit nav to Nov 15 = approx: $15.05

[mouserman]

So combining the selling in the US banks and the rise in the CAD over the day, the gain since OCt. 31 is now only 47 cents or so. That puts the value of the commons at 5.05, and barely above the threshhold. I do believe they will qualify as the UNIT NAV has to 15$ or higher BEFORE distributions are paid, unlike Brompton.

[toddkaz]

The prospectus says about 15 not 15 or higher.

[toddkaz]

Oops ABOVE 15, the NAV has to be above 15.

[Attts8plus]

so this is above 15 correct? Does it mean Class A would get dividends in December??

[toddkaz]

If the calculation is correct but if he is off by 5 cents or more we dont get the dividend.  5 cents is easy to make a mistake.  Not much of a margin for error.

[alkhor]

You need to have more faith in Mouserman. I don't recall him being more than a few cents off in his estimate.

[toddkaz]

Faith has nothing to do with it.  It only matters what FFN says.

[Nakate]

Just buy and hold, the unit price will eventually get there

[JohnWalker]

You were bang right on mouserman ! Thanks as usual.