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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

TSX:FFN - Post Discussion

North American Financial 15 Split Corp > ANON turns to selling /taking profits..
View:
Post by mouserman on Oct 17, 2024 2:35pm

ANON turns to selling /taking profits..

Not sure if the point of their buying was knowing that it would continue up until retraction date. If there is still a big discount  when that date arrives, then you can tender your shares for retraction at the NAV value.
House Positions for C:FFN from 20241017 to 20241017
House Bought $Val Ave Sold $Val Ave Net $Net
88 Credential 35,368 234,485 6.63 500 3,325 6.65 34,868 -231,160
79 CIBC 81,556 541,150 6.635 51,800 343,413 6.63 29,756 -197,737
85 Scotia 21,152 140,477 6.641 11,888 78,902 6.637 9,264 -61,575
22 Fidelity 7,600 50,156 6.599 0   7,600 -50,156
33 Canaccord 4,000 26,560 6.64 0   4,000 -26,560
2 RBC 90,757 601,666 6.629 87,916 583,077 6.632 2,841 -18,589
39 Merrill Lynch 29,000 192,006 6.621 27,716 184,126 6.643 1,284 -7,880
124 Questrade 2,488 16,458 6.615 1,369 9,071 6.626 1,119 -7,387
28 CI 515 3,414 6.629 0   515 -3,414
13 Instinet 4,900 32,434 6.619 4,800 31,812 6.628 100 -622
14 Virtu ITG 0   40 265 6.625 -40 265
57 Interactive 907 6,042 6.662 950 6,300 6.632 -43 258
5 Citadel 276 1,832 6.638 495 3,294 6.655 -219 1,462
83 Research Cap 0   500 3,325 6.65 -500 3,325
84 ITG84 267 1,767 6.618 773 5,135 6.643 -506 3,368
89 Raymond James 0   600 3,972 6.62 -600 3,972
9 BMO Nesbitt 7,772 51,519 6.629 8,500 56,375 6.632 -728 4,856
80 National Bank 20,043 132,888 6.63 26,457 175,629 6.638 -6,414 42,741
7 TD Sec 130,068 863,386 6.638 138,439 917,072 6.624 -8,371 53,686
19 Desjardins 17,910 118,876 6.637 32,887 218,515 6.644 -14,977 99,639
1 Anonymous 173,575 1,150,998 6.631 232,524 1,542,512 6.634 -58,949 391,514
TOTAL 628,154 4,166,114 6.632 628,154 4,166,120 6.632 0 6
Comment by Higherhopes2020 on Oct 17, 2024 3:27pm
For retraction do have to surrender same amount of preferred shares.  DO WE KNOW WHEN IS THE RETRACTION DATE?  thanks
Comment by shortstory on Oct 17, 2024 8:36pm
Thanks mouserman.....I notice that both Stockcharts and my broker's charts show Oct 17 end of day volume of 388,918 and 388,618 respectively.....How do we reconcile the volume above of 628,154 at around 2:30pm - with those other volume metrics?  Is "house positions" different from trading volume?  Do these brokers hold or trade  positions other than what is reported to ...more  
Comment by mouserman on Oct 18, 2024 4:56pm
Those sites you are referring to only show the TSX numbers, however there are trades going thru the ATS, Alternative Trading Systems... that never show on the TSX numbers. For instance today the TSX numbers were 463 K according to my TD brokerage, but the real story is with the ATS, it is much higher.  Stockwatch shows all trades. T:FFN - NORTH AMERICAN FINANCIAL 15 SPLIT ...more  
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