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 > NAV September 14

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Post by AnEducator on Sep 15, 2023 9:06am

NAV September 14

~$13.85. Discount on capital shares: ~$0.23.

A massive surge in the markets yesterday, partly due to the triple witching event this morning. The put/call ratio has been skewed to the bearish side, making the most painful trade to the upside. With so many options expiring today, I would expect the upward moves to at least moderate somewhat.

The discount on capital shares has narrowed this week.

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