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 10 = approx: $15.25

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Post by mouserman on Feb 10, 2023 4:19pm

FFN unit nav to FEB 10 = approx: $15.25

So my spreadsheet is now showing a 10 cent gain since JAN 31 , so lost another 6 cents today. Mostly due to stregtheneing of the CAD. However only 4 of the 8 US holdings showed green, and only GS was up enough to make up for the nearly 1% loss in currency exchange.
So with 3 more sessions to go until the mid month update , it is a matter of whether the market gets depressed about the treasury yield inversion pointing to a recession, or whether it continues to ignore the sure signs of a downturn.
Commons are worth about $5.25 today and with the last trade @ $5.78 the premium has dropped to under 10% here.
Maybe good for a small gamble to get a distribution this coming month, but further on might not be able to withstand a 10% ( or greater ) downturn.

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