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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

TSX:FFN - Post Discussion

North American Financial 15 Split Corp > Quadravest update FFN UNT NAV @ $14.04 to April28
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Post by mouserman on May 02, 2023 6:32pm

Quadravest update FFN UNT NAV @ $14.04 to April28

Was fairly close to what i had in the spreadsheet, after distributions to preferreds. Lost a lot today tho...
Some of the holdings were down over 6%....
Comment by AnEducator on May 03, 2023 12:08am
Our calculations were off precisely because of the three holdings trading ex-dividend in the interim since the last update. I mentioned this on Friday and made the necessary adjustments on Monday. Given the large quarterly dividends paid by the Canadian banks, a meaninful impact on the NAV was not a surprise.