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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 to Nov 23 =$ 17.45 before dist.
View:
Post by mouserman on Nov 23, 2021 6:06pm

FFN unit NAV to Nov 23 =$ 17.45 before dist.

So now showing the UNIT NAV  gain at about 17 cents since the midmonth update.... and after distributions the NAV for commons would still be approx. $7.28   .That puts the premium to NAV for commons at .35 after distributions ARE taken off. Works out to  4.8%... and that is a bargain with the yield at 17.85%.
Comment by PileOfShit on Nov 24, 2021 2:54am
This post has been removed in accordance with Community Policy
Comment by mouserman on Nov 24, 2021 10:45am
FFN distribution to commons is .11335 monthly Premium is .34 /7.28 = 4.67% AFTER both distributions are taken off.
Comment by PileOfShit on Nov 24, 2021 5:51pm
This post has been removed in accordance with Community Policy
Comment by canoehead on Nov 25, 2021 9:57am
What!! The total NAV is $17.45, the total distribution is $.17 which leaves the NAV at $17.28. So the NAV of the class A shares is $7.28. Mouserman's calculation is exactly correct as usual. GLTA
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