North American Financial 15 Split Corp T.FFN

FFN unit nav in realtime @ $17.82

[mouserman]

My spreadsheet now has the gain at exactly a dollar since OCT 31 ,, massive gain in just 6 trading days. CAD holdings backing off and  US Holdings bouncing up with the USD..
So the discount at 1$ equates to  12.7% discount. hard ot believe traders /investors dont see this as a great deal. If history actually means anything.... it is.
DFN getting buying today while the NAV drops and has all of a 30 cent gain since OCt 31..

[EdPaquette]

FFN is the best deal all around to me. Was all in preferred shares until the election, sort of similar to mouserman being in cash. We're in for a good run up here, and as the population realizes it, the discount will close up. My second choice would be LCS. 

[kurtwalter]

If you like LCS, you should consider LFE. Similar holdings, mush higher yield. 

[Inglewood]

I think there will be lots of trepidation until the next update is released. The prospect of covered calls cutting off the gains looms large for me, but I am literally all-in on FFN regardless. I am sure it causing indigestion for others too. Mid-month update can't come fast enough lol. This is what the covered call balance looked like in May of this year. (These are all expired, but is

[Inglewood]

[Inglewood]

North AmericAN FiNANciAl 15 Split corp. Schedule oF portFolio iNveStmeNtS (coNtiNued...) AS At mAy 31, 2024 (uNAudited)   No. of shares   Description                 Average Cost ($)     Fair (contracts)                        (Premiums received) 

[mouserman]

Those are all expired no?

[Inglewood]

Yes, all expired. Was just thinking it probably looks similar now as it did then.