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Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

Financial Services Asset Management
North American Financial 15 Split Corp. is a 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, the amount of which is... see more

TSX:FFN - Post Discussion

North American Financial 15 Split Corp > FFN unit nav to March 28 = approx: $15.93 after dist.
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Post by mouserman on Mar 28, 2024 4:17pm

FFN unit nav to March 28 = approx: $15.93 after dist.

Bit of a pullback in some of the stocks end of day, but the USD came back to level vs CAD since March 15.
FFN commons now with a value of $5.93, and may the most undervalued split fund common here now that pays a healthy dist. yield. Discount is now @ 5%.
Last sale was @ $5.63
Comment by WattDoINo on Mar 28, 2024 4:47pm
My algorithm indicates approx $16.01 after dist.
Comment by CDNINV1 on Mar 28, 2024 4:57pm
My est Nav after the 19.252 cent distribution is also $15.93. Just wondering if you are alsousing the same distribution?
Comment by mouserman on Mar 28, 2024 6:29pm
yes i am deducting the commons  at .11335 and the preferreds @ .07917.  UNIT NAV was a bit over $16.12 before distributions.
Comment by CDNINV1 on Mar 28, 2024 7:44pm
SORRY I WAS TRYING TO ASK  " WATTDOINO" IF THEY WERE,   AS WE ARE 8 CENTS LESS THAN THEIR $16.01
North American Financial 15 Split Corp