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Bullboard - Stock Discussion Forum 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... see more

TSX:FFN - Post Discussion

North American Financial 15 Split Corp > Exdivvy date profittaking and maybe overvalued ...
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Post by mouserman on Feb 25, 2021 12:22pm

Exdivvy date profittaking and maybe overvalued ...

Give that FFN has a lot of US financials, and the CAD gaining big on USD that really  exagerrates the losses on a down day like today.
Comment by alkhor on Feb 25, 2021 1:24pm
Still, income investors are buying FFN for the 20+% return. There is a good chance the divvy will remain for the foreseeable future. I bought at $3,75 and I am wondering when to sell. It is concievable this will climb to $10 so when do I take my profit, remembering I am getting over 11 cents a share per month while I wait. Mouserman, you're posts have been great, please keep up the ...more  
Comment by mouserman on Feb 25, 2021 2:59pm
YES it is quite likely that FFN will remain above the 15$ threshhold. The banks in Canada reported great earnings this week, but the runup has been huge ahead of those earnings reports. THE US ones however are calculated in CAD, and when the USD drops vs CAD, the resulting effect on those banks , is a lowered actual price for calculating NAV. THE USD has dropped just over 1% since the 12th of FEB, ...more  
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