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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 @ $15.37
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Post by mouserman on Feb 14, 2023 11:20am

FFN unit nav in realtime @ $15.37

So gains in the US banks overall have bumped up the NAV by 2 pennies so far today. Looked red to start but now FFN is for certain a buy here. Tomorrow will be the day for calculating the NAVs.
FFN a much better bet than DGS, which is riding the bubble, and has to pay ( approx: 24 cents) both preferreds and commons in mid march. That will come off DGS nav on ex divvy date. Not sure why the big premium on DGS, but could see a really big drop if the next few days are negative for the overall markets.
Comment by Inglewood on Feb 14, 2023 11:36am
Looks like the gains in the US banks have all been given back, and then some... it seems 1-2% drop across the board in the underlying portfolio...
Comment by mouserman on Feb 14, 2023 12:50pm
I dont see any stocks in FFN down over 1%...and the US based ones are getting some help from falling CAD vs USD. I just checked on the spreadsheet to make sure i didnt miss something big... but right now the UNIT NAV is up 20 cents since JAN 31 and that leaves the UNIT NAV @ $15.35 so down a few pennies since my last post.
Comment by Inglewood on Feb 14, 2023 1:06pm
Thanks MM... there were a couple (Goldman, CI..) down over 1%, and it looked like the rest were headed that way too earlier today... seems like they've rallied back a bit since then. Appreciate you being on top of this for all of us!
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