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

Alternate Symbol(s): FNCSF

North American Financial 15 Split Corp. is a Canada-based 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 in the amount... see more

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TSX:FFN - Post Discussion

North American Financial 15 Split Corp > NAV around $14.90

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Post by bitrock on Aug 05, 2024 2:03pm

NAV around $14.90

This is based on using US tickers for all holdings possible (I used OTC:NTIOF for National bank).
My NAVs are often a touch on the high side of accurate as well so keep that in mind.

Unfortunately this is below the $15 payout threshold.
Predictions on how much this will cause FFN to drop?

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Comment by Splitfunding on Aug 05, 2024 8:08pm

Imo likely to the 4.7-4.8 level unless there's a recovery in the markets tomorrow. The fund was largely trading at a discount even when it was paying, no reason to think that won't continue now that the NAV has dropped below 15

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North American Financial 15 Split Corp