Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

North American Financial 15 Split Corp. is a 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, the amount of which is... see more

TSX:FFN - Post Discussion

North American Financial 15 Split Corp > FFN unit nav in realtime @ $15.41
View:
Post by mouserman on Feb 07, 2023 12:29pm

FFN unit nav in realtime @ $15.41

So spreadsheet now showing a gain of 26 cents since the Jan 31 update, basically one week.
For some reason this doesnt entice the market to give FFN a premium , but DGS which is flat at best  in that same timeframe and gets a 25% premium?
Last trade for FFN @ $5.64 means the premium here is only  4.2%...lol sometimes the market DEFINITELY makes mistakes.
Comment by Inglewood on Feb 07, 2023 2:40pm
Hi Mouseman.. do you have a listing of the current holdings? Could you instruct me on where to find it? Many thanks! And I agree with you... why is the premium so low??
Comment by mouserman on Feb 07, 2023 2:47pm
Quadravest .com and find  North American Financial  , Under the tab  Products. Fund features will give you the top 15 by weighting, and then under documents you can see what else they hold. Updates will give you the cash position to Jan 31 , and the difference in weighting between CAN and US holdings.
Comment by Inglewood on Feb 07, 2023 3:17pm
Appreciate it, thanks.  Just to confirm, the last listing of equities you have is the list provided in last quarterly portfolio update (Aug 2022)?
Comment by mouserman on Feb 07, 2023 4:50pm
Yes those not listed in the top 15 in the fund features were in the AUG filing. Next month should see a new document featuring all the holdings with their weightings. But by the time we see it , they could have switched up the holdings again. LOL
Comment by Inglewood on Feb 08, 2023 10:48am
Thanks mm
Comment by Inglewood on Feb 08, 2023 12:12pm
My FFN got taken out at 5.86/share this morning... debating on whether to wait for a midday dip on this one or jump to LCS... any recommendations? I also liquidated my DGS... not sure why its trading at such a premium when we are scheduled for a missed payout (as of today)
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities