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North American Financial 15 Split Corp. Pref Shs T.FFN.PR.A

North American Financial 15 Split Corp. is a 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, the amount of which is fixed on an annual basis and to pay the holders of the preferred shares a certain price per preferred share on or about the termination date. Its investment objectives with respect to class A shares are to provide holders of class A shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company for a specific price per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying a specific price per preferred share. Its investment manager is Quadravest Capital Management Inc.


TSX:FFN.PR.A - Post by User

North American Financial 15 Split Corp. Pref Shs
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Comment by JohnWalkeron Feb 27, 2020 10:11am
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Post# 30740341

RE:yes the big crash is here

RE:yes the big crash is hereMy trigger finger getting very itchy on FFN. I have to tie my hands behind my back.

FFN down approximately 17.6% in the last 6 days of trading. But then I look at the broader market, TSX down only 6.8% during the same time. I will NOT start easing back into market until TSX down a minimum of 10%. Small positions and will average down hoping TSX does not drop more than 20%.

Then of course, there's the USA presidential elections in November. I'm no fan of Trump, but if a democratic President is elected expect another drop in US markets with the Canadian dragged along with them.

The old addage "Sell in May and Go Away" came 2 months early with this Covid-19 situation. And I admit, I completely mis-read it - I thought it would die down in a week. It's just getting started in North America. And I expect USA will be hit hard. With the cost of health care nobody is going to self diagnose or self report ad so transmission will be particularly bad. Anecdotally I heard of one American who got tested and got a bill for $3K for the services.



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