North American Financial 15 Split Corp T.FFN

FFN unit nav to Feb 23 = approx: $15.33

[mouserman]

Showing a gain of 21  cents Before distributions..  after distributions the commons would have a value of $5.14. FFN trading very close to that number.

[chessplayer]

Yes but the key number here is the 11 cents that have to be paid to the prefs. The return of capital to the A shares should not be counted until the shares are ex dividend because if you own these shares to that date you will receive that payment. So there is still a 2 to 3% discount. Nothing like what it used to be but still worth considering. 

[chessplayer]

Sorry I meant the 8 cents that have to be paid to the prefs.

[Splitfunding]

Indeed, 11 cents of the reduction of NAV goes right back into one's pockets so no one should think of it as being 'lost'. Only the 8 cents going to the preffered is 'lost'. But both will still of course will effect the potential of future payments...  But remember, there is also the ex-divy of the funds holdings to consider which feed into the fund and increase the NAV

[Higherhopes2020]

Banks are up again this morning.  Should add another 10cents to the NAV.  28th is x-dividend.