North American Financial 15 Split Corp T.FFN

Estimated NAV end of March 8

[mkqtrader]

All information from the monthly update is applied and the NAV is ~$15.53 (rounded up from $15.52835). 
Here too, the dividend declaration should be come after the 15th

[CDNINV1]

February 29, 2024    NAV Pre-Distribution:      $15.39 Distribution:      $0.1925NAV Net of Distribution:      $15.20 Just wondering if your NAV 0of $15.53 is Pre-Distribution or Net of Distribution Ionly calculate a 18 cent increase since February 29

[mkqtrader]

It is net of distribution, based on the net value declared by Quadravest for Feb. 29. Since then, the vslue of all holdings, including cash, has grown from just short of $793M to just short of $810M

[CDNINV1]

Thanks for the info. I only have a Total Net Asset Value of just over $802 M. and a NAV OF $15.38 today. Our weightings must be different! 

[mkqtrader]

What I do in my calculations is keeping the newest declared number of units for each holding: I don't perform any weight re-balancing since there are too many factors that can influence the NAV, including the heavily rounded cash amount declared - in this case, the declared 7% could be anything between 6.5% to 7.49% hence the value of all stock holdings can be anywhere between 92.51% and 93.5%

[mouserman]

When i get the FULL monthend update, i use the weightings list , and try to equal the % of CAD and US holdings, to match  what is in the update. ALSO have to match up the cash %... It is a lot of work, but many times improves the accuracy. It is still a guessing game tho , as the fund managers can get  a covered call option taken out, and that drops one holding down the list and skews