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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 > FFN unit NAV dropping quickly...
View:
Post by mouserman on Feb 26, 2021 10:12am

FFN unit NAV dropping quickly...

US banks taking a beating today, altho the USD is gaining  a bit on CAD..
FTN a much better bet here, even if the yield is less. FTN trades at a discount, instead of a big premium that FFN is getting. And FTN is  basically guaranteed to pay for the entire year, where FFN may only collect periodically if this correction takes hold  for a week or two.
Comment by KaizenPG on Feb 26, 2021 10:57pm
Am I missing something - I don't see where FTN is trading at a discount.
Comment by EdPaquette on Feb 28, 2021 10:04am
Mouserman's latest estimate was 20.22 nav, so FTN is worth 10.22 but it trades 30 cents below.  That's the discount.
Comment by KaizenPG on Feb 28, 2021 10:54am
Right thanks.
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