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

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TSX:FFN - Post Discussion

North American Financial 15 Split Corp > FFN UNIT NAV to FEb 21 = approx: $15.18 before dist

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Post by mouserman on Feb 21, 2023 4:52pm

FFN UNIT NAV to FEb 21 = approx: $15.18 before dist

After distributions would be $15.01, so not much breathing room for a correction.
Premium here is 72 cents before distrbutions or about 14%.

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Comment by Inglewood on Feb 21, 2023 7:03pm

Thanks Mouserman. To confirm - they can retract a dividend after it has been declared?

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Comment by mouserman on Feb 22, 2023 9:15am

No once it is declared they cannot retract. BUT next month no guarantees of course. If the market continues to pullback FFN could easily miss, as they have a big payout with preferreds and commons adding up to almost 18 cents. 11.335 cents per common and 6.458 cents for preferred.

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