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 > Dashboard shows UNIT NAV @ $17.08

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Post by mouserman on Oct 16, 2024 4:18pm

Dashboard shows UNIT NAV @ $17.08

So spreadsheet is showing about $17.08 exactly, dashboard is a little higher, but within a penny..? So FFN commons today would have a value of AT least $7.08 today, and trades at a discount of 52 cents with the last trade @ $6.56. or about 7.3 %

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Comment by maxjac on Oct 16, 2024 4:34pm

Dashboard showing 17.08 too once the data from 4pm came in for the US holdings. I wonder, what was the all-time NAV high since inception? Does anyone know?

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Comment by Higherhopes2020 on Oct 17, 2024 7:38am

$18, 20 years back. i think initial offering was $15. Has paid $17 in dividend.

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Comment by NoShoesNoShirt on Oct 17, 2024 9:50am

Consolidation of shares around 2020 clouds the issue.

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Comment by mouserman on Oct 17, 2024 11:53am

You have to take into account the consolidation 5 years ago.. altho they rasied the distribution amount for the commons, you lost about 10% on the shares. Immediately after the special retraction payment on or before December 16, 2019, there will be 16,552,263 Preferred shares and 18,761,656 Class A shares outstanding. In order to restore an equal amount of shares outstanding ...more

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North American Financial 15 Split Corp