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 > DON'T get your hopes up

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Post by EdPaquette on Mar 29, 2023 9:30am

DON'T get your hopes up

https://www.bloomberg.com/news/articles/2023-03-28/canada-plots-tax-on-banks-raising-billions-with-dividend-levy

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Comment by mouserman on Mar 29, 2023 9:55am

Surprised that the market thinks the added tax burden on the banks is ok. Nearly all the CAD and US banks up this morning. Although with the rising CAD$ FFN 's US holdings are flat.

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Comment by itsthehitman on Mar 29, 2023 10:28am

Govt is in panic mode....handing out money willy nilly to appease the plebs out there struggling to pay rent and groceries. Not impressed...that said the other two parties would be pushing us out to bankruptcy as well.....what to do....stand on the sidelines and watch....nothing makes sense any more. Ps....if i owned and ran a million dollar business but it cost 1.3 million to keep the doors ...more

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North American Financial 15 Split Corp