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 unit nav to Feb 03 = approx: $15.34

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Post by mouserman on Feb 03, 2023 4:57pm

FFN unit nav to Feb 03 = approx: $15.34

Some changes to FFN holdings as MS moved up and GS moved down. Will have a better idea of the cash position of these Quadravest funds when they do the full update. Commons now valued about $5.34.
Last sale at $5.62 means the premium is only 28 cents. What a stark difference from the last time FFN hit the 15$ threshhold and the common stock shot up over 6.20$.
Premium here is only 5.2%. ONLY LCS has a lower premium of those above the level of paying.

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Comment by JohnWalker on Feb 03, 2023 7:51pm

What a stark difference from the last time FFN hit the 15$ threshhold and the common stock shot up over 6.20$. Yes, it's like DGS and FFN have traded places.

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North American Financial 15 Split Corp