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 > New to FFN

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Post by Beyondwest on Nov 02, 2024 7:10pm

New to FFN

Does this ETF not trade in lockstock with the underlying sercurities? A vast majority of the 15 companies closed in the green on Friday. I am just curious. Thanks in advance.

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Comment by NoShoesNoShirt on Nov 03, 2024 6:41am

Hi beyondwest. As a closed end fund the selling price doesn't have to match the nav. Smart investors buy discounts and sell premiums.

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Comment by mouserman on Nov 04, 2024 11:12am

Yes it seems to normally follow the NAV, but this past while , nearly every spliut fund common trades at a discount... something wicked this way comes? Today the USD getting sold off in most currencies.. ahead of the election. Going to be a very interesting week.

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North American Financial 15 Split Corp