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Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

Financial Services Asset Management
North American Financial 15 Split Corp. is a 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, the amount of which is... see more

TSX:FFN - Post Discussion

North American Financial 15 Split Corp > Interest rates hikes on hold in CANADA
View:
Post by mouserman on Jan 26, 2022 11:24am

Interest rates hikes on hold in CANADA

And not sure what the US talking heads are going to come up , with initial reactions are very positive, so I suspect they are NOT going to be as hawkish.
SO FFN huge bounce back today, and now around the 17$ mark for UNIT NAV...
Comment by KnaveofDiamonds on Jan 26, 2022 12:01pm
So a premium of 7.5%?
Comment by mouserman on Jan 26, 2022 12:23pm
If the NAV of the commons is $7 before distributions , the premium would be 8% @ $7.56 closing price. After distributions the premium would be  over 10.5%
Comment by KnaveofDiamonds on Jan 26, 2022 3:58pm
I'm out and totally in cash.  Going to be a lot of selling I think after dividend pay out.
Comment by JRand3 on Jan 26, 2022 5:55pm
This post has been removed in accordance with Community Policy
Comment by EdPaquette on Jan 26, 2022 6:41pm
I'm mostly in BK and plan to stay in.  Lots of freeboard to withstand waves.   
North American Financial 15 Split Corp
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