North American Financial 15 Split Corp T.FFN

Trading below its nav

[EdPaquette]

Yesterday nav was 15.44. If all holdings drop 1% that would take 15 cents off nav. 2% is 31 cents. 3% would mean it's below 15

[azzurri]

That's the same way I was looking at it. About 2.85% drop in holdings from yesterday's closing NAV (give or take based on US exchange) to hit the $15 NAV threshold. At the time of writing, almost all top US holdings were bouncing back off their lows. With only one (Citigroup) at over 1% drop since yesterday's close. Funny, FFN class A shares actually fell below DFN class A shares at

[NoShoesNoShirt]

I'm holding FFN at a loss. Usually I would be looking for an exit, but this time I'll keep it knowing that Canada and USA are both planning rate cuts.