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 update to JUNE 30 shows 13 % cash

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Post by mouserman on Jul 20, 2023 3:24pm

FFN update to JUNE 30 shows 13 % cash

So, cash position has jumped up, and aapparently managers were NOT ready to go all in to make the cut .....may have changed their minds now, and a little FOMO may have them investing some of that cash. Only have to pay 6.5 cents to preferreds this month... and of course that is the same as the past 4 months...

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Comment by Patgal on Jul 20, 2023 3:50pm

This the Man folks. Listen to the mouse.

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Comment by anubis44 on Jul 21, 2023 9:50am

Do you think FFN's NAV could actually make the $15 threshold today for common share dividend announcement?

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Comment by mouserman on Jul 21, 2023 1:13pm

FOr this month, its a little late, Quadravest actually already posted which commons are being paid in AUGUST. Now for next month they would need a bit of help....last i looked the UNIT NAV was around $14.30... lower than LFE if the facts are looked at.

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North American Financial 15 Split Corp