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 > UNIT NAV ends the day @ $18.25

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Post by mouserman on Nov 06, 2024 4:44pm

UNIT NAV ends the day @ $18.25

Common shares ended the day @ $6.94 and was a gain of 42 cents on the day. But its still on sale, as the Commons now have a value of $8.25 , as ex divvy date is not until NOV. 28 or 29..
That means FFN finished the day at a discount of $1.31 or about 15.8%... historically likely a new record for great value. I dont recall ever having seen that big of a discount , even when it was below the 15$ thresh-hold. Yield is 20.85%.. crazy.......

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Comment by mouserman on Nov 06, 2024 5:10pm

OOPS , i see the distributions have to be taken off, as mine comes out to 18.02 .. showing a gain of $1.20 since OCT 31. So the discount is a bit lower than the dashboard is suggesting.. more like 13.5%

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North American Financial 15 Split Corp