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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North American Financial 15 Split Corp > Bargain i was waiting for.

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Post by mouserman on Jun 01, 2021 11:37am

Bargain i was waiting for.

SOld off my DGS and was waiting to see a good deal for a split fund common. Sellers created a buying op in FFN today, as the yield now is at 18.5% and is far safer than the comparable DF and DGS commons, with a much higher safety margin above the 15$ threshhold.
Not sure why the aggressive selling, but i am happy for it now.

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Comment by EdPaquette on Jun 01, 2021 2:19pm

I bought some for my registered account.

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Comment by Gord_Alberta on Jun 01, 2021 2:33pm

My wife & I have ours in TFSA's. No taxes whatsoever on dividends or stock growth...

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Comment by JohnWalker on Jun 01, 2021 3:49pm

Me too, after buying some yesterday in both TFSA and Margin account, I bought another 6K for my margin account this morning. We should see updated NAV after market close tonight.

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North American Financial 15 Split Corp