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 December 20

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Post by AnEducator on Dec 20, 2023 4:28pm

NAV December 20

~$14.70. Discount on capital shares: ~$0.39. Distance from threshold: ~2.07%.

We lost around $0.16 from yesterday's closing NAV. Other than deeply overbought conditions, I am not aware of any news that would cause the sudden change in sentiment late in the day. A strong January will get us to payment status, but we will need to make up the dividend amount paid to preferreds as well.

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Comment by Splitfunding on Dec 20, 2023 4:46pm

Thanks. Yeah little bit of a pull back here and there is healthy, market was getting too overheated. Still trying to make sense as to how the NAV lost 15-20 cents on a natural day for the market last Friday, or there abouts(covered calls?)

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North American Financial 15 Split Corp