North American Financial 15 Split Corp T.FFN

Dashboard showing 4 cents higher NAV

[mouserman]

So not sure why the descrepancy now.... only can figure the exchange rate is not changed..to OCT 31 number.

[maxjac]

I'll look. You're finding a 4 cents discrepancy in today's est. NAV (as of Nov 7 close) compared to yours, right? Dashboard showing 17.791 now (have to refresh after 4:30pm Eastern to have all the latest numbers)

[mouserman]

My final UNIT NAV for FFN with numbers from stockwatch,  which come in later.. was  $17.75 .. inc. Div from C. Showing a gain of 93 cents    since OCt 31 numbers.

[mouserman]

Forgot to add  that the discount would be 83 cents with the close at $6.92 ( from SW) ...that works out to 10.7%... hard to believe folks were selling this one. I do believe it has close to the highest yield of any @ 19.6% annually. DFN and DF would be just a bit lower.

[mouserman]

I think things should become more clear when the cash position and breakdown of USD % vs CAD % is posted in the full update. A lot can happen in 2 weeks unfortunately in these kind of volatile markets, and defintely was some weightings change We may have adjusted the % diffferently on those shifts. It doesnt take much to make a 4 cent difference with over a 20 $ UNIT NAV..

[azzurri]

My guess is some profit taking as US Banks retreated a bit after the post Trump bump. And as most would agree, never be ashamed to lock in profits. Let's see if we get another run once the general public is aware of the ~$18 NAV in about a week and a half.

[maxjac]

I did some quality control in my code to see if there's anything that needs adjusting and I can confirm that the exchange rate used for all LIVE estimated calculations is the latest exchange rate available for the current day. Current exchange rate 1.38681 as of 2024-11-07 18:01:03   NOTE: Dividends receivable also use the LIVE exchange rate. NOTE: I round up the estimated