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 discount

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Post by traderfrom on Jan 25, 2024 4:17pm

Nav discount

Why discounting 10% may market not sure about dividends yet as Markets may drop again in February

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Comment by Splitfunding on Jan 25, 2024 8:55pm

Naw, these splits are always undervalued when they aren't paying out dividends, especially so in this case since its been so long. But once it reaches payment threshold and Quadravest announces the divy there's going but be a HUGE surge of buying pressure that with drive the price up by a dollar or more complely evaporating that discount. Best be to get in now while it's still cheap ...more

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Comment by chessplayer on Jan 26, 2024 8:21am

In this case, on Dec 1st, holders have the option to redeem the capital shares at no cost for net asset value minus 10$. That alone should ensure that the discount will evaporate towards the end of the year.

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North American Financial 15 Split Corp