North American Financial 15 Split Corp T.FFN

Room for everyone

[EdPaquette]

FFN was over 10 in 2017, and got up to 8 last year. Buying at 5.60 it still has potential to go up.

[JohnWalker]

Now that they announced distribution, I have moved 60% of my LCS over to FFN.

[flamingogold]

I've never done well chasing. Maybe this is the one that would change my luck. But, just won't do it.

[JohnWalker]

Well, yes, I'm chasing yield. I made decent capital gain on LCS (average $0.50 per share) but LCS pays distribution of $0.075 per share while FFN pays distribution of $0.11335 per share. In my position I need that extra and it seems a no brainer.

[florida12]

  Be careful with FFN JohnWalker.....it's high divident comes with high risk....has missed dividend payments for 8 ? or so months in 2022....the US bank and Insurance holdings in the fund make it more volitile. I'M NO EXPERT OR PROFESSIONAL in the market.....BUT you could take a look at LBS with the Canadian holding of financials/ lifeco it is MUCH LESS volitile and pays a dividend of

[AleBib]

DFN, FTN and LBS are good opportunities with lower risk

[EdPaquette]

None of the 'low riskers' can touch the 24% payout of FFN.   And if it pays 3 months in a row as I expect, the sp will be over $7.

[JohnWalker]

That's what I'm counting/betting on, an increase in NAV sufficient to keep distributions coming for a while. What recession?  :)  :)  :)