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 > FFN unit nav to Feb 9 = approx: $15.31

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Post by mouserman on Feb 09, 2023 4:44pm

FFN unit nav to Feb 9 = approx: $15.31

So FFN lost some today, after the market was spooked again by the inverted treasury yields, now at a level worse than the 1980's.
FFN has still gained 16 cents since the JAN 31 update, but with a few days left until the calculation date, the markets could see some more real pain. Premium to NAV jumped today as the common share price increased while the UNIT NAV dropped 12 cents today. Premium now @10.9% which is now higher than FTN @ 10.2%. I like FTN's chances better here.

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