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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

Bullboard (TSX:FFN)

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Comment by NoShoesNoShirton Nov 21, 2024 8:33am

RE:RE:RE:RE:RE:RE:Don't sell FFN, buy more.

Hey navgod thanks for the explanation. In your experience, what % of shares are you expecting to be redeemed? This question is also open to others who know.
Comment by navgodon Nov 21, 2024 7:46am

RE:RE:RE:RE:RE:Don't sell FFN, buy more.

Don't really have a dog in this fight as I have submitted all my holdings of FFN -150k shares - into the retraction and no longer own any FFN prefs.  I believe that yes this should result in ...more  
Post by Jonathon Brownon Nov 21, 2024 6:55am

Buzz on the Bullboards: Bombardier, world woes, a smart fridge, and top shelf weed

Post by maxjacon Nov 20, 2024 10:52pm

Clarification Needed on Closing Date for mid-month Update

Hi everyone, I need clarification on the closing date used to calculate the NAV for the mid-month updates. Example, for the November 15 update, does Quadravest use the closing values of stocks on ...more  
Comment by NoShoesNoShirton Nov 20, 2024 10:38pm

RE:RE:RE:RE:RE:Don't sell FFN, buy more.

Barchart.com gives a STRONG BUY rating for all the US banks in FFN and ZEB. So enjoy the ride. 
Comment by Splitfundingon Nov 20, 2024 5:07pm

RE:RE:RE:RE:Don't sell FFN, buy more.

Sorry, but could you explain this a little more? Would this result in an increase in the structural leverage of the fund? I ask because 4 years ago FTN underwent a major consolidation which resulted a ...more  
Comment by CDNINV1on Nov 20, 2024 4:45pm

RE:Closing FFN unit nav net of dist Nov 20th = $17.852

Correction  s/b $17.833 !!!!! I forgot to remove the 2.9 cents for the Nov 1st to 15th ex divs I had in my spreadsheet.
Post by mousermanon Nov 20, 2024 4:41pm

Dashboard in line with spreadsheet

My spreadsheet has the UNIT NAV losing 16.4 cents from NOV 15th numbers which puts the Value of the commons @ $8.046 before dsitributions. We will factor in distributions when ex divvy date gets ...more  
Post by CDNINV1on Nov 20, 2024 4:27pm

Closing FFN unit nav net of dist Nov 20th = $17.852

Exchange rate 71.53 cents.   MFC ex-div today
Comment by navgodon Nov 20, 2024 3:54pm

RE:RE:RE:Don't sell FFN, buy more.

The only retraction will be of common ie capital shares and the consolidation if any will be of pref shares.
Comment by Splitfundingon Nov 20, 2024 3:48pm

RE:RE:Don't sell FFN, buy more.

What about a consolidation? Doesn't a consolidation only occur if there is a large mismatch in the number of preferreds and common shares? Pretty sure someone on here mentioned that the share ...more  
Comment by mousermanon Nov 20, 2024 2:28pm

RE:RE:Dashboard now has FFN unit nav @ $17.78

Oh i see now  the number i looked at was after distributions to commons , but that doesnt happen until  9 days from now. We dont know which way it goes from here , it appears.
Comment by mousermanon Nov 20, 2024 2:26pm

RE:Dashboard now has FFN unit nav @ $17.78

I am thinking there is a mistake inthe dashboard unless suddenly things have bounced back, as @ 2:25 EST i have the UNIT NAV @ $17.99 with a loss of 22 cents since the 15th update which showed the ...more  
Post by mousermanon Nov 20, 2024 2:13pm

Dashboard now has FFN unit nav @ $17.78

So a huge drop in the  financials holdings in FFN.. today, as @ 2 PM EST it is showing a 28 cent drop from yesterday. Does not seem to phase the buyers in the split fund today, as it is still up ...more  
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