Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 of over 5.5% annually 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 - Post by User

North American Financial 15 Split Corp > FFN unit NAV dropping quickly...
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(48)
•••
Comment by EdPaquetteon Feb 28, 2021 10:04am
110 Views
Post# 32681096

RE:RE:FFN unit NAV dropping quickly...

RE:RE:FFN unit NAV dropping quickly...Mouserman's latest estimate was 20.22 nav, so FTN is worth 10.22 but it trades 30 cents below.  That's the discount.
KaizenPG wrote: Am I missing something - I don't see where FTN is trading at a discount.
mouserman wrote: US banks taking a beating today, altho the USD is gaining  a bit on CAD..
FTN a much better bet here, even if the yield is less. FTN trades at a discount, instead of a big premium that FFN is getting. And FTN is  basically guaranteed to pay for the entire year, where FFN may only collect periodically if this correction takes hold  for a week or two.




<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities