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 > UNIT NAV to 1:20 CST = approx: $18.42

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Post by mouserman on Jan 16, 2025 2:25pm

UNIT NAV to 1:20 CST = approx: $18.42

Showing a gain of 4 cents from yesterdays numbers ($18.38), which hopefully is close to the update.
Last trade @ $7.21 leaves the common shares discounted about $1.21 or about 14.3%.
Unreal after those Q results.

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Comment by Inglewood on Jan 16, 2025 2:59pm

Totally unreal. Like how large can this discount get! This is leaving me at a such a cross roads... I'm extremely overweight in FFN/FTN and want to reduce my concentration (and margin balance lol), but it is so DIFFICULT to sell at 15% discount to ACTUAL VALUE. Maybe Quadravest needs to do a special, one-time dividend of 25 cents to attract investors into the most discounted funds. ...more

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