North American Financial 15 Split Corp T.FFN

Dashboard Error and Buying Opportunity

[azzurri]

Dashboard showing NAV well over $19. Not sure where the glitch is there. Based on yesterday's closing NAV and the continued uptick in FFN holdings today, I would guess that FFN class As are trading well over $1 discount? Mouseman & CDNINV1, what do you two have the discount to NAV at and do you agree (expecially with Quadravest mid month NAV update coming tomorrow) that we have an FFN buysing opportunity here?

[mouserman]

FFN trading at a significant discount here, with the CAD dropping back down again vs USD.. USB the only ugly red spot in the holdings... and it is a minor holding really, not in the top 12 in my list.

[CDNINV1]

Dashboard needs to adjust to reflect share volume reductions to closely match the December 31st Quadravest FUND UPDATE 

[CDNINV1]

I have current Nav at $18.43 up about 5 cents since yesterday

[maxjac]

Gosh, does this mean I have to switch back the data point for the shares outstanding on the TMX once more? I'll have a quick look and update accordingly. Thanks for always bringing these issues up so I can address them quickly!

[CDNINV1]

No Quadravest actually sold all those shares so your Dec31st r total fund values are too high

[CDNINV1]

OOPs I meant bought and cancelled them That is wy cash dropped so much !

[maxjac]

How does it look now? I kept the same datapoint for the shares outstanding from the TMX but changed the number of shares that TMX reported on December 31 to the same as today for both classes of shares. Shares Out Class A = 54,745,566 and Shares Out Preferred = 56,449,569 Not a fan of manual force updates. Hopefully this will not happen often.

[NoShoesNoShirt]

Thanks for all you do to NAV providers. Especially you,  Maxjac. 

[WattDoINo]

Many thanks on my part aswell Maxjac. And Mouserman, and Golferman and CDNINV1. Cheerio !.

[maxjac]

Yup! Couldn't do it on my own that's for sure. Big shoutout to CDNINV1 and mouserman :)

[CDNINV1]

Maxjac  I think the Dashboard might need to lower the Stock Portion by the Distributions so that  Cash and Stock Portions combined closely match Quadravest Fund Update at December 31st Total Net Assets which is also after Distributions.   Total Fund Value * 998,080,573     Cash Portion (est.) at 4.00 % * 39

[maxjac]

I kept a note for myself for this suggestion. I'll have to think about it a bit more to wrap my head around it. I have to review my code see if I'm using the NAV after or before distributions. I think I once was using the NAV after distributions but then that created issues and I switched to using the NAV before distributions.