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 in realtime now under 14$ unit nav

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Post by mouserman on Mar 13, 2023 3:15pm

FFN in realtime now under 14$ unit nav

Will update more accurately at the end of the day, but right now looking like $13.90 unit nav,,, but seems to change fast, very volatile. CAD up vs the USD IS HURTING FFN .

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Comment by Splitfunding on Mar 14, 2023 4:14pm

Why does it take a hit when Cad is up?

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Comment by JohnWalker on Mar 14, 2023 4:29pm

FFN holds US financials that distribute dividends in US $. When the Canadian $ is stronger, those US$ FFN receives as distribution are worth less C $ = lower NAV.

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