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

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TSX:FFN - Post Discussion

North American Financial 15 Split Corp > Another day with every holding up

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Post by mouserman on Apr 27, 2021 10:56am

Another day with every holding up

Seems FFN premium shrinking as the common share price not keeping up with the gains.

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Comment by JohnWalker on Apr 27, 2021 1:04pm

FFN trading at new 52-week high today - I'm okay with that. Lot of resistance at this point but once we break thru ??????

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Comment by drool on Apr 27, 2021 11:57pm

In my opinion (for what it's worth) rather than break out, FFN will slowly rise on the backs of the bigger holdings, like GS and JPM. As bank SP rises and premium shrinks, there will be increased interest in the dividend as it becomes more reliable. I do wonder if National will be hosting another overnight offering like DFN just had, which tends to knock a little air out of the share price ...more

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Comment by JohnWalker on Apr 28, 2021 10:27am

FFN latest overnight offering was just back on March 9th of this year. Surprised that DFN did another one having just completed one in February. Based on that pattern you might see another one for FFN in May - if the premium holds.

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North American Financial 15 Split Corp