North American Financial 15 Split Corp T.FFN

Buzz on the Bullboards: Stocks to watch in volatile times.

[navgod]

Can we please put the RE:RE:RE:....RE:Don't sell FFN,buy more thread to bed and start a new one. I am tired of counting up RE:s to find out wheather I'm a hypocrite or not. My suggestion

[Mrfriendlyx]

That is exactly what you did with FTN. Hypocrite at its finest......

[mouserman]

Hmmm , i suppose that makes sense as far as the day it happens.... if  no bookkeeping was required on what the shares were when submitted for retraction.

[slst]

Retrations are offered at 95% of NAV.  5% pays the cost and managers as their future fees are lost.  There is no impact to NAV.  Cash goes out at 100% of NAV.  If they do not have

[mouserman]

When i look at the update, 15% cash is INCLUDED IN the UNIT NAV... if they use 20 million $ to pay out the retraction,, it will drop the nav when the cash disapppears. There will be less shares out

[navgod]

I don't understand why you think using cash will drop nav. Also if they have to sell some holdings to fund the retraction so what. They have had a month  to decide what and how to execute

[mouserman]

15% i think will cover the retractions.. but it will drop the NAV as there wil no longer be the same cash %. AND they do STILL have to deal with evening up the common and preferred levels. Buying back

[AwesomeMatthews]

Cash on hand has increased so perhaps they were preparing for redactions to some degree, I hope it can cover the majority of it.

[Jonathon Brown]

The TSX hit another record high on strong retail sales data and positive investor sentiment. However, the index quickly fell from grace. read article.

[Toppicks1]

so you pump and then dump. And apologize nice..

[NoShoesNoShirt]

I was the one who wrote the headline,  but that was before I knew about how the retraction might screw us. Holy uncertainty, I sold my stake here. Way too risky for me. Thanks navgod for pointing

[mouserman]

No way to know exactly, if 10% retract could be 20 cents and/or cash in hand may get er done.. with collected dividends and  the 15% cash they reported at OCt. 31 > so a lot depends also where

[Followingalong]

I'm new to split funds and wanting to understand this whole retraction thing...so I'm assuming no matter what the nav will drop, just not sure how far? My avg is 6.15 any advice from anyone ?

[mouserman]

Wont know the results until the first week in December if history is any indication.

[Higherhopes2020]

After the retraction NAV is going to come down to par with the market price.  FFN market price might go down below the NAV!  So Don't sell FFN, buy more will that work?  We do

[marcrobert]

Navgold, it would be great to see your best practices list, top Do's and don'ts learned over the years for splits. thanks