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 > After a nice run up in the banks, it was time for retreat.

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Post by mouserman on Oct 21, 2024 11:36am

After a nice run up in the banks, it was time for retreat.

Not surprised at all by the pullback in FFN's holdings, as some of these were overcooked a bit. Very toppy looking markets to me.

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Comment by Inglewood on Oct 21, 2024 11:57am

Feels very toppy to me too. I went all cash on Friday, looking to get into some preferreds. Still very much believe in the medium term hype: Fed cuttting cycle, solid GDP growth, earnings solid, Trump leading, stable employment.. if it all happens that is. It does seems like its priced into the underlying portfolio, even if FFN is still at a discount. But man.. if one those ...more

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North American Financial 15 Split Corp