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

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Post by mousermanon Jun 19, 2024 2:10pm

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Post# 36096355

FFN getting some love

So was trading at discount thursday friday when some TD sellers unloaded a pile. Today and yesterday TD is buying .. maybe they went short. Some dont follow the bullboards here to get a reasonable estimate of the nav.. Questtrade maybe doing the same..
At any rate only BMO is up in the CAD holdings, the US markets are closed and the CAD is up. SO actually FFN NAV is dropping...but shortcovering can cause some of this kind of action.

House Positions for C:FFN from 20240618 to 20240619

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
7 TD Sec	138,137	773,259	5.598	111,819	624,706	5.587	26,318	-148,553
124 Questrade	26,403	146,393	5.545	3,907	21,814	5.583	22,496	-124,579
19 Desjardins	16,560	92,218	5.569	640	3,557	5.558	15,920	-88,661
80 National Bank	40,372	225,366	5.582	25,150	140,321	5.579	15,222	-85,045
2 RBC	96,783	542,758	5.608	87,476	490,156	5.603	9,307	-52,602
85 Scotia	34,069	189,727	5.569	24,955	138,527	5.551	9,114	-51,200
88 Credential	1,200	6,708	5.59	450	2,496	5.547	750	-4,212
84 ITG84	666	3,684	5.532	557	3,082	5.533	109	-602
57 Interactive	6	33	5.50	0			6	-33
5 Citadel	420	2,329	5.545	470	2,625	5.585	-50	296
53 Morgan Stanley	0			100	551	5.51	-100	551
14 Virtu ITG	49	272	5.551	241	1,340	5.56	-192	1,068
13 Instinet	500	2,755	5.51	3,100	17,361	5.60	-2,600	14,606
22 Fidelity	0			6,500	36,070	5.549	-6,500	36,070
9 BMO Nesbitt	3,610	20,107	5.57	10,695	59,441	5.558	-7,085	39,334
39 Merrill Lynch	16,600	92,756	5.588	32,156	179,725	5.589	-15,556	86,969
1 Anonymous	85,146	474,367	5.571	103,512	577,571	5.58	-18,366	103,204
79 CIBC	33,054	183,302	5.546	81,847	456,689	5.58	-48,793	273,387
TOTAL	493,575	2,756,034	5.584	493,575	2,756,032	5.584	0	-2