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

Alternate Symbol(s): FNCSF

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

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North American Financial 15 Split Corp > NAV April 15

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Post by AnEducator on Apr 15, 2024 4:34pm

NAV April 15

~$15.31. Discount: ~$0.23.

The U.S. side of the portfolio, led by Goldman Sachs and their stellar earnings, performed well and offset much of the damage on the Canadian side of the portfolio. Remember, FFN is 56% invested in U.S. financials and only 38% in Canadian financials. The weakness in the Canadian Dollar has been a boon for this fund.

Expect a positive dividend announcement later this week.

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