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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 > NAV November 10
View:
Post by AnEducator on Nov 10, 2023 5:17pm

NAV November 10

~$13.31. Discount on capital shares: ~$0.35. 

We have seen an impressive recovery in the NAV of about $0.58 since the last update. With the insurers reporting favourable earnings, we are now waiting for the Canadian banks to report beginning the end of this month.
Comment by mouserman on Nov 10, 2023 6:09pm
I have the exact number on FFN, and  i saw no changes to the holdings weigthings and no change to cash,. Spreadsheet showed a 58 gain, nearly as good as FTN, despite the UNIT NAV being quite a lot lower. But i fear this rally may end here soon.... been once of the biggest bounces in history on the US exchanges like the S & P 500 etc...
North American Financial 15 Split Corp