Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

North American Financial 15 Split Corp. is a 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, the amount of which is... see more

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North American Financial 15 Split Corp > November Month-End Fund Update PDF

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Post by maxjac on Dec 04, 2024 9:07pm

November Month-End Fund Update PDF

Now available here on Quadravest's website.
Cash Weighting 9%
Canadian Equity Weighting 36%
US Equity Weighting 55%

Dashboard updated all rankings and weightings with this data. Have a look at the impacts:
https://dupli.ca/ffn/

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Comment by navgod on Dec 05, 2024 6:50am

My question is regarding the drop in cash during the month of Nov.from 15 to 9%. While we don't know the timetable of the decline, is it possible that the under estimating of Nav on Oct.29 by 3 cents is explained by the cash reduction?

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Comment by mouserman on Dec 05, 2024 9:00am

That was a reduction in cash of 6% .. from 15% down to 9%. For sure the timing is questionable with the retraction having to be dealt with.. I just adjusted the spreadsheet to reflect the bigger US % now @ 55%.. with the CAD part at only 36%. It would have skewed my numbers for sure... not sure how i came within a penny. However a lot depends on when that reduction in cash happened.

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North American Financial 15 Split Corp