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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

TSX:FFN - Post Discussion

North American Financial 15 Split Corp > FFN unit nav in realtime @ $15.63
View:
Post by mouserman on Mar 13, 2024 12:46pm

FFN unit nav in realtime @ $15.63

This number is taking into account the USD losing about .75% vs the CAD. Spreadsheet shows a gain of 43 cents  since the FEb monthend update , at this point in time . At $5.44 FFN trading at about its NAV after upcoming  distributions are considered.
Comment by Inglewood on Mar 13, 2024 2:42pm
In any other market, this would be a screaming hot buy....
Comment by mouserman on Mar 13, 2024 4:39pm
In the historical sense, this would have been a screaming buy in years past.... I can recal these kind of high yield plays getting a bump up well over 5$ as soon as they reached the threshhold for paying. Not so  at present , in these very nervous markets.. I have never seen so many discounted SPLIT funds in the years i have been tracking these. Higher preferred payouts may have some nervous ...more  
Comment by toddkaz on Mar 13, 2024 3:31pm
Very nice.  I was worried that FFN was going to be a one off but it looks like its going to continue to pay.
North American Financial 15 Split Corp
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