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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

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Bullboard (TSX:FFN)

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Comment by kurtwalteron May 27, 2024 2:46pm

RE:RE:RE:Why does FFN want to buy up to 10% of outstanding shares?

Company response: "As you may know, the market will dictate the trading prices of FFN and FFN.PR.A, however there is a Normal Course Issuer Bid (“NCIB”) program in place which was just renewed.& ...more

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Discussion

Comment by FatTraderDude01on May 27, 2024 1:09pm

RE:RE:RE:Why does FFN want to buy up to 10% of outstanding shares?

IMHO it should raise SP because they feel the current share price is undervalued...or they percieve the midterm conditions favourable for higher SP... tthey could then sell those shares at a higher ...more

132

Discussion

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Comment by CDNINV1on May 27, 2024 12:29pm

RE:RE:Why does FFN want to buy up to 10% of outstanding shares?

YOU CAN ALSO CHECK THE ANNUAL REPORT UNDER FUND DOCUMENTS TO SEE WHAT THEY BOUGHT. The Company announced on May 25, 2023 that the TSX accepted its notice of intention to make a Normal ...more

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Discussion

Comment by CDNINV1on May 27, 2024 12:20pm

RE:Why does FFN want to buy up to 10% of outstanding shares?

THIS IS FILED ONCE A YEAR IN MAY. CHECK THE NEWS AND UPDATES SECTION ON FFN .

Discussion

Comment by kurtwalteron May 27, 2024 11:45am

RE:RE:Why does FFN want to buy up to 10% of outstanding shares?

Does that mean they hope buyback will reduce discount?

Discussion

Comment by NoShoesNoShirton May 27, 2024 11:14am

RE:Why does FFN want to buy up to 10% of outstanding shares?

Because right now it's selling at a discount which prevents them from overnight offerings.

Discussion

Post by kurtwalteron May 27, 2024 11:03am

Why does FFN want to buy up to 10% of outstanding shares?

I would be grateful if some expert can explain this to me! Thank you!

146

Discussion

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Post by PressReleaseon May 27, 2024 7:30am

New Press Release - North American Financial 15 Split Corp. Announces TSX Acceptance of Normal Course Issuer Bid

TORONTO, May 27, 2024 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (the “Company”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted its notice of intention to make a Normal Course Issuer Bid (the “NCIB”) to purchase its Preferred Shares and Class A Shares...read article.

Comment by CDNINV1on May 24, 2024 5:17pm

RE:FFN unit nav to MAy 24 = approx; $16.14

Great Job Guess we were both doing our post at the same time !!!!

Discussion

Post by CDNINV1on May 24, 2024 5:14pm

Closing Est FFN unit nav for May 24TH = $16.14

DOWN 4 CENTS FROM MAY 15TH UPDATE. EXCHANGE RATE WAS 73.16 TODAY! US STOCKS HAVE GAINED BACK MOST OF YESTERDAY LOSS AND WOULD HAVE BEEN AN ADD'L 6 CENTS HIGHER IF THE EXCHANGE RATE ...more

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Post by mousermanon May 24, 2024 4:55pm

FFN unit nav to MAy 24 = approx; $16.14

FFN showing a loss of 4 cetns today , as the rebounding CAD hurt the US holdings in FFN... Commons shares would have a value fo $6.14 before distributions and about $5.95 after they are accounted for.

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Discussion

Comment by mousermanon May 24, 2024 1:46pm

RE:Shortened Trade Settlement Dates

Splits are the same as any other stock.

Discussion

Comment by CDNINV1on May 24, 2024 12:54pm

RE:RE:RE:FFN UNIT NAV to May 23 @ approx: $16.05

Sorry NAKATE !! Typo error.

Discussion

Comment by CDNINV1on May 24, 2024 12:33pm

RE:RE:FFN UNIT NAV to May 23 @ approx: $16.05

HEY NATATE I'M NOT AN INVESTMENT ADVISOR, BUT MY COMMENT YESTERDAY " OVER REACTION TO POSSIBLE LESS RATE CUTS " APPEARS TO BE THE MARKETS REACTION ALSO AS FFN HAS BASICALLY ...more

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Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

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