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 October 12

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Post by AnEducator on Oct 12, 2023 4:40pm

NAV October 12

~$13.11. Discount on capital shares: ~$0.03.

Unexpectedly hot CPI numbers took the markets to the woodshed, with financials taking a beating.

Tomorrow, some large U.S. financials report. The commentary, especially from the highly-regarded Jamie Dimon, will likely have a larger impact than the results themselves. Half of FFN's portfolio consists of U.S. financials, so tomorrow will be critical.

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