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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North American Financial 15 Split Corp > Shares Out Have Increased Today

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Post by maxjac on Sep 25, 2024 9:58am

Shares Out Have Increased Today

Looks like there are more shares outstanding today. Dashboard has updated automatically to reflect this, taking into account the previous day's closing price for both FFN and FFN.PR.A:

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Comment by mouserman on Sep 25, 2024 1:16pm

ATM at work...folks buying at a premium to NAV,....

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Comment by Splitfunding on Sep 25, 2024 9:49pm

What does this mean for the long term stability of the fund? Doesn't the total amount of preffered and common shares have to matchup on the extension date(Dec 1)?

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Comment by mouserman on Sep 26, 2024 10:03am

IN reality the fund is uspposed to try and keep the preferreds and commons equal.. not sure how often they are required to have that. With the ATM program, nearly impossible to keep them even.

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North American Financial 15 Split Corp