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Bullboard - Stock Discussion Forum North American Financial 15 Split Corp - Class A T.FFN

Alternate Symbol(s):  FNCSF

North American Financial 15 Split Corp is an investment company. It invests in an actively managed portfolio of common shares comprised of core large-capitalization Canadian and United States financial services companies. It also invests in equity securities of issuers. The company's investment objective is to provide holders of Preferred Shares with cumulative preferential monthly cash dividends and to provide holders of Class A shares with regular monthly cash distributions.

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@ the Bell: Markets mixed, Fed rate still in focus
Commodities took a dive on Thursday after scoring some early gains and the TSX went with it. Global markets also struggled, but more dovish-than-expected words from US Federal Reserve Chair Jerome... read article.

RE:RE:On the bid for more FFN this am.

Yes, time to get what we can!!!  rate and reply

Herbal Dispatch Provides Update on Medical, Export, Manufacturing and Recreational Sales

Our vision is to build a customer centric organization that provides the best cannabis to local and international markets. We will achieve this by focusing on four complementary pillars for revenue generation in the years ahead, which will allow us to scale quickly with minimal additional capital required. ...read more

RE:On the bid for more FFN this am.

So, is that you with 90K bid at $5.54 ? LOL  rate and reply

FFN unit nav in realtime = $15.27 AFTER dist.

So i am now calculating these commons NAV after the distributions have been paid. SO FFN looking in good shape as the USD gains back vs CAD, since JAN 31  and a majority of the holdings have...read more

RE:On the bid for more FFN this am.

Yes, FFN seems to be going up today, will see if it passes the 5.59...  rate and reply

On the bid for more FFN this am.

UNIT NAV for FFN  is jumping up some again today, and i have unloaded the remaining DGS in my portfolio, preferring to get on the bid for more FFN. Better valuation and higher yield, simple...read more
Buzz on the Bullboards: A meeting that could not have been an email
Stocks closed out the first month of 2023 no worse for wear after getting pummeled last year. A sign of better things on the horizon? Last month, indexes on Bay Street and Wall Street rose, with... read article.

FFN UNIT NAV guesstimate after dist are paid =$15.16

So today FFN managed to gain a penny, mostly due to CIX and CDN banks and lifecos. CAD gained a bit on USD by the end of day, after selling down with the FED news early on. FFN commons then have a...read more
@ the Bell: TSX gives up gains upon Fed rate hike
Energy losses led Canada’s main stock index lower in Wednesday trading, dropping more than 100 points. Utilities was the other declining sector, while the rest climbed their way out of the red. read article.

Starting an FFN position today

So sold off nearly all my DGS and some LCS and now have put some into both FTN and FFN since they are trading at decent NAV valuations and have great payouts. Fed jacking rates slower was taken as a...read more

RE:FFN unit nav to JAN 31 = approx: $15.34

So FFN and DGS are about equal NAVs and yet DGS has a share price about $0.90 more than FFN. I'll never understand what some people are thinking of when trading.  rate and reply

RE:FFN unit nav to JAN 31 = approx: $15.34

Thank you mouserman for your wonderful work on this bullboard.    rate and reply

FFN unit nav to JAN 31 = approx: $15.34

So FFN ended up gaining almost the same as FTN despite the much lower total NAV  $ in the fund. Premium today is very small for one that is paying and still above 15$. I think some are waiting on...read more

RE:RE:RE:RE:UP

Tu es en retard dans l'achat de ton dernier lot, il y a un dlai minimun de deux jours gnralement pour qu'une transaction soit complte. Alors tu vas tre inscrit au registre comme propritaire du...read more

RE:RE:RE:UP

I'm fully loaded. Started accumulating when the distribution for this month was announced on the 17th. Bought my last batch yesterday. I'm holding 38K shares.  rate and reply

RE:RE:UP

Load up.  Only the people who know about nav divergence from sell price and the threshold know what a bargain this is. Get in ahead and you will profit.  rate and reply

RE:UP

And yet low volume and prices down a penny or two on FFN. Very frustrating.  rate and reply

UP

US banks. CDN banks. Lifecos all up.  rate and reply

RE:FFN unit nav to Jan 27 = approx: $15.22

Thanks for the info. Much appreciated   rate and reply

FFN unit nav to Jan 27 = approx: $15.22

Spreadsheet now showing a gain of  19 cents since the OCT 13 update. Great moves up in some of the US banking holdings and  CAD lifecos along with  decent moves in some of the CAD ...read more

RE:FFN unit nav to Jan 20 = approx$ 14.90

Hey mouserman. How's the NAV looking today please and thanks.   rate and reply

RE:RE:RE:RE:RE:RE:RE:Room for everyone

That's what I'm counting/betting on, an increase in NAV sufficient to keep distributions coming for a while. What recession?  :)  :)  :)  rate and reply

RE:RE:RE:RE:RE:RE:Room for everyone

None of the 'low riskers' can touch the 24% payout of FFN.   And if it pays 3 months in a row as I expect, the sp will be over $7.  rate and reply