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

Add To Watchlist

TSX:FFN - Post Discussion

North American Financial 15 Split Corp > FFN unit nav in realtime @ approx: $15.48

View:

Post by mouserman on Sep 10, 2024 12:50pm

FFN unit nav in realtime @ approx: $15.48

FFN showing a loss of 64 cents on my spreadsheet and so FFN commons now valued at about $5.48 ... most of that loss is today. I thought it was an overreaction early on, but now i dont know .
Some weakness in the regional banks may be coming back to haunt the entire sector.

140

Comment

Comment by Pesyk1 on Sep 10, 2024 12:54pm

Thank you mouserman for all your help , it is appreciated a great deal .

Comment

Comment by mouserman on Sep 10, 2024 4:37pm

Nice bounce back late in the day.... altho the ONLY holdings that have had a positive move ( even with the nice exchange gain by USD) are CAD holdings. Unfortunately at last report they were only 36% of the fund. Still no update on FFN cash % or the % of US holdings vs CAD. I have the FFN unit nav just over $15.70..

219

Comment

Comment by Splitfunding on Sep 10, 2024 12:56pm

Bloodbath Day - Glad I made the switch to the preffered's, haven't lost a penny and still getting almost 10% yield. Would say today is a bit over done and there probably will be a short tern bounce hence the premium, but I imo there'll be more trouble long term....

107

Comment

North American Financial 15 Split Corp