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 Dashboard on the Web!

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Comment by maxjacon Aug 31, 2024 5:27pm

81 Views

Post# 36204243

RE:RE:RE:RE:RE:RE:RE:RE:FFN Dashboard on the Web!

Hi shortstory, welcome aboard.

This board has loads of info so if you've got time, go back in the history and read through all the posts. There's valuable info although this info is spread through hundreds of posts. There's a good chance someone else asked the same questions and you'll find the answers buried in there somewhere. A few links for you:

https://www.quadravest.com/_files/ugd/78f11d_e248d83084ee4b749441df163af90554.pdf

https://www.quadravest.com/ffn-fund-features

https://financialpost.com/investing/fp-explains-everything-you-need-to-know-about-investing-in-split-shares

https://youtu.be/rdlNpPsipTU

https://www.straight.com/guides/finance/dividend-tax-rate-in-canada/

Be aware that dividends and capital gains are taxed differently so depending on your situation, buying low and selling when it goes up might be a better deal than hanging on to them and getting the dividends.

My opinion: If you paid your FFN under $4 then you can probably just sleep well and keep long term. If you paid more, then maybe less so depending on if you need the money or not. FFN can stop paying dividends for many months in a row so when that happens, the trading price of FFN will drop significantly. Currently, when it’s paying dividends, you can expect the trading price to be in the mid fives up to seven dollars. When it’s not paying for a while, then you can expect it anywhere in the mid-threes to low fives. Full disclosure: I’ve been buying FFN for the last 4 years or so. I have a lot. I haven’t really sold any so I’m in the keep and sleep club.

The reason why some of us track this fund so closely using spreadsheets and the reason I built the web dashboard is that we want to predict if the dividends will be paid out to Class A share holders (FFN holders). It helps because then you can tell if the price of the stock will head up or down. If you feel it’s getting too close to the $15 threshold, then you might want to think about selling some if you are in for the capital gain and then wait a few days and buy again low. I don’t do that but still I track it.

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