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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North American Financial 15 Split Corp > Ffn.pr

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Post by Bldwealth on Nov 23, 2022 9:41am

Ffn.pr

Does anyone know why the preferred shares dropped 16 cents this morning?

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Comment by impega on Nov 23, 2022 9:49am

Was wondering that myself. Big volume too.

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Comment by EdPaquette on Nov 23, 2022 10:14am

My guess is margin players. They used to borrow at 3% and buy the preferreds. Now they pay 7% and there's no point.

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Comment by flamingogold on Nov 23, 2022 10:37am

The carry trade is dead, unless someone likes to play with fire. I made my first carry trade with DGS in 2010 after the financial crash. Held it for years and did extremely well... paid only interest and when rates started to climb years later I paid back my HELOC. I was entertaining the trade again when rates were crashed to 0 during covid, but decided not to. In hindsight , it would have worked ...more

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Comment by mouserman on Nov 23, 2022 10:42am

ANON the biggest seller by far, and those using ANON, use it for a reason. To hide their identity. Some brokers will short their own clients shares, and collect the proceeds, and dont even pay the margin interest to the investors who watch their share decrease in value. House Positions for C:FFN.PR.A from 20221123 to 20221123 House Bought $Val ...more

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North American Financial 15 Split Corp