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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 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

Bullboard (TSX:FFN)

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Post by mousermanon Nov 26, 2024 9:41am

red start to the day, ahead of US Thanksgiving

Not very much green happening in the funds.. but probably a healthy correction today.. and will see if it lasts.
40
Post by mousermanon Nov 26, 2024 9:12am

USD now up vs CAD

So should boost the NAV on FFN.. bigtime today. CAD banks stocks look to open flat or weak today, which wont help FTN, but will boost FFN..
47
Comment by maxjacon Nov 25, 2024 9:34pm

RE:Dashboard question

Hi @NoShoesNoShirt, I noticed the same. The graph takes the NAV after distribution at 6PM each day (which is now at 18.329 as of 9PM). Might be the exchange rate that increased by about 10 cents ...more  
56
Discussion
Post by NoShoesNoShirton Nov 25, 2024 8:49pm

Dashboard question

The graph says 18.22, but the green box has 18.53. Below the green box is the amount after distributions 18.34. Is the graph taking off 2 distributions?
61
Discussion
Post by mousermanon Nov 25, 2024 5:44pm

FFN guesstimate to Nov 25 = approx; $18.46 before dist.

Not sure why i am a bit higher than the dashboard.. made a few minor adjustments and have not had time to look and see where the descrepancy could be. At any rate , after dist. the NAV of the commons ...more  
137
Comment by azzurrion Nov 25, 2024 4:14pm

RE:RE:FFN Retraction, Redemption, and DD

The discount on the class A shares is approaching a $1 again. Personally, I would be in favour of a forward split in the class A's following retraction as a means of rebalancing the shares of ...more  
122
Discussion
Comment by navgodon Nov 25, 2024 1:43pm

RE:RE:RE:FFN Retraction, Redemption, and DD

Don't get too excited just yet - my understanding is that shares will only be recirculated if they can be sold for more than the retraction NAV value during the first two weeks of Dec ie before ...more  
154
Discussion
Comment by NoShoesNoShirton Nov 25, 2024 12:52pm

RE:RE:FFN Retraction, Redemption, and DD

This is the best news on FFN lately. Navgod,  mouserman,  flamingogold, anyone else, can you confirm this possibility?  If everyone is chickening out and I can buy this cheap, wow!
63
Discussion
Comment by Inglewoodon Nov 25, 2024 11:47am

RE:RE:FFN Retraction, Redemption, and DD

Yet another thing I did not know... my fault for not closely reading the prospectus and other related documents. 
58
Discussion
Comment by elonmuskrat247on Nov 25, 2024 11:46am

RE:FFN Retraction, Redemption, and DD

Retracted shares can also be recirculated as per the September 2004 agreement. So, the retracted shares may be bought and resold by National bank and CIBC thus negating the need for consolidation or ...more  
99
Discussion
Comment by Inglewoodon Nov 25, 2024 11:41am

RE:FFN Retraction, Redemption, and DD

Thank you, Navgod. Really appreciate you for alerting us and explaining how NAV can be affected by a consolidation or a split. I honestly did not understand this prior to reading your post and would ...more  
121
Discussion
Post by mousermanon Nov 25, 2024 10:19am

FFN off and running today

Dasshboard showing $18.47... for UNIT NAV.. before distributions. Navgod will be making out like a bandit, but those holding are not suffering too much.. so far.. FTN another good one to be holding..
93
Post by navgodon Nov 25, 2024 8:59am

FFN Retraction, Redemption, and DD

Holders of FFN and FFN.pr.a who have not submitted to the special retraction should go to the Quadravest website and pull up the most recent Annual Information Report under Documents for FFN. Under ...more  
269
Discussion
Comment by marcroberton Nov 22, 2024 4:41pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Don't sell FFN, buy more.

navgold - what was the second option you suggested? Arbitraging the retraction process is not really something i've done work on, although i guess it could make sense in registered accounts. I ...more  
194
Discussion
Post by mousermanon Nov 22, 2024 2:04pm

dashboard update @ $18.345 UNIT NAV to 2 est.

So still tracking very close to my spreadsheet. Last sale on FFN @ $7.58.. and that would make the discount 77 cents or so  or about  9.2 %...not many better deals out there as far  as ...more  
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