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 > Thanks mouserman

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Post by alkhor on Nov 18, 2022 11:13am

Thanks mouserman

Based on your NAV estimates being above $15, I bought FFN earlier this week at $5.15 (I missed the sell-off yesterday) Sold my shares today at $5.67 for a nice 10% gain in a few days.

I would have held on to the shares longer, but to me there is too much risk of the NAV falling below the $15 level, so I took the money and ran.

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Comment by mouserman on Nov 18, 2022 11:22am

I had a small holding in FFN as well. And my sell got taken out today as well, didnt see over a 10% gain for FFN this quick. Put those funds into DGS. I find it a better value.

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Comment by Capri123 on Nov 18, 2022 1:10pm

Thanks for your help mouserman. Can anyone else do the Nav calculation besides mouserman? I assume you won't do it anymore since you sold all your shares.

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Comment by fuzzylogic777 on Nov 18, 2022 1:41pm

what would the FFN price/share projection be? will this continue climbing next week until a payout is made? I expect investors to continue jumping on.

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