Post by
mouserman on Jun 08, 2022 9:38am
FFN shorts will make money...
Patient shortsellers of FFN should make some real coin here in the next week, as FFN commons will go a second consecutive month without paying to commons. IF they werent trading at a big premium, maybe the shortsellers would be nervous, but that is NOT the case.
CAD gaining big in the USD again , putting more pressure on the majority of the holdings in FFN.
Still no update from Quadravest to see the equity weightings, and whether the mnagers have increased or decreased exposure to the US banks.
FFN should be sub 5$ by the time the midmonth report comes around.
Comment by
Nakate on Jun 08, 2022 10:35am
so lose a couple of divi's, but get to buy some cheap shorted shares, that works for me
Comment by
Nakate on Jun 08, 2022 11:12am
Total Net Assets $781,945,761 Inception Date Termination Date Net Asset Value $15.01 Cash Weighting 12% Canadian Equity Weighting 39% Top Holdings US Equity Weighting 49% https://www.quadravest.com/_files/ugd/78f11d_82244d76fc8f4df08b6280eaa90966e4.pdf
Comment by
mouserman on Jun 08, 2022 11:39am
Yes , finally an update. Appears FFN did use some cash to invest in financials in both US and Canada during the last few weeks of May.... not a positive at this point today.. Obviously the market has figured out how OVERVALUED FFN commons, were, considering that some high yielding split fund commons were trading at much lower premiums.... and will not miss any distributions this year.