North American Financial 15 Split Corp T.FFN

NAV Valentine's Day

[AnEducator]

~$14.75. Discount on capital shares: ~$0.54. We need to make up ~1.74% in two days to guarantee a dividend payment, but I bet Quadravest will give us some extra time next week if it allows us to get there. It was quite a dramatic recovery off Tuesday's lows.

PPI inflation data will be released on Friday at 8:30 am, but this is nowhere near as important as the CPI data released on Tuesday morning. It will likely be a muted event.

[Pesyk1]

NAV update is much appreciated AnEducator.  Thank you .

[AnAmateur]

Nice bump in bank stock this morning! It would be nice to have another update later today if you can. I would not have bet on that Tuesday, but we're probably getting close to payment threshold?

[AnAmateur]

Maybe it's a stupid question. But why are you saying that Quadravest may try to give it extra time and choose a NAV that takes us to dividend? Do they care? Could it be better for the fund to skip one more payment in order to increase the odds of sustaining a higher NAV in the long run?

[NoShoesNoShirt]

nobody said choose a nav. Quadravest may choose a date that the nav was above 15 to declare a dividend.   Nav is an audited calculation,  never a choice. 

[AnAmateur]

Of course, that's what I meant. But if they can choose between a date when the NAV is above threshold and another when it's not, what will they do and why?

[AnEducator]

It is in Quadravest's interests to increase interest in their funds and ensure they remain attractive. This only happens, in general, when dividends are paid out as this is the main reason most retail investors buy these split shares. Most importantly, when these shares trade at a premium, Quadravest can issue new shares at a premium and that both increases assets under management (and

[AnAmateur]

Thanks a lot, that makes sense :)