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 > Stock movements that make you go, WHAT????

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Post by mouserman on May 06, 2022 3:17pm

Stock movements that make you go, WHAT????

So i mentioned DFN today, and it is down 12 cents , trading at about a 12% premium. But very safe and will be paying for sure the next few months. It has actually got some nice movement UP in some of the holdings, and is maybe flat today, or down a penny in UNIT NAV.
Then we have the most overvalued split fund common out there, with not 1 holding up, and only down 7 cents . This despite a huge premium , of at last $1.70 here i think, ( or about 37% premium) and is not anywhere near the 15$ threshhold for paying.
Kind of wishing i had gone short on FFN last week when i went a big cash position. Sometimes you can make more on shorting these anomalies than trying to buy for distributions and income.

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