North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

Financial Services Asset Management

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.

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North American Financial 15 Split Corp

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Post by mousermanon Mar 01, 2023 12:17pm

395 Views

Post# 35312731

BIG selling volume last 2 days

I know its ex divvy date and all that , but seems the street is more intent on selling the banks that the more diversified funds. They have short memories.
Here is the tradgin stats fro yesterday and so far today.

House Positions for C:FFN from 20230228 to 20230301

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
9 BMO Nesbitt	124,418	710,302	5.709	7,017	38,552	5.494	117,401	-671,750
7 TD Sec	179,714	1,012,406	5.633	129,546	728,521	5.624	50,168	-283,885
85 Scotia	64,796	360,198	5.559	35,676	204,044	5.719	29,120	-156,154
80 National Bank	51,727	289,584	5.598	31,111	176,268	5.666	20,616	-113,316
33 Canaccord	29,600	164,441	5.555	14,300	79,559	5.564	15,300	-84,882
39 Merrill Lynch	24,225	134,970	5.572	15,239	85,468	5.609	8,986	-49,502
14 Virtu ITG	17,028	95,462	5.606	10,479	59,379	5.666	6,549	-36,083
124 Questrade	10,755	60,150	5.593	8,314	47,480	5.711	2,441	-12,670
84 ITG84	5,853	32,958	5.631	4,340	24,178	5.571	1,513	-8,780
13 Instinet	6,500	36,620	5.634	5,000	28,050	5.61	1,500	-8,570
5 Citadel	1,300	7,305	5.619	925	5,232	5.656	375	-2,073
28 CI	255	1,402	5.498	0			255	-1,402
57 Interactive	255	1,462	5.733	580	3,308	5.703	-325	1,846
59 PI	0			441	2,522	5.719	-441	2,522
68 Leede	0			2,200	12,320	5.60	-2,200	12,320
19 Desjardins	46,686	263,912	5.653	55,821	316,262	5.666	-9,135	52,350
2 RBC	30,605	173,691	5.675	45,555	254,796	5.593	-14,950	81,105
79 CIBC	104,242	583,894	5.601	164,365	923,575	5.619	-60,123	339,681
1 Anonymous	164,438	928,737	5.648	245,099	1,391,837	5.679	-80,661	463,100
88 Credential	5,391	30,716	5.698	91,780	506,861	5.523	-86,389	476,145
TOTAL	867,788	4,888,210	5.633	867,788	4,888,212	5.633	0	2