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Financial 15 Split Corp T.FTN

Alternate Symbol(s):  FNNCF | T.FTN.PR.A

Financial 15 Split Corp. is a mutual fund, which invests in a portfolio consisting of over 15 financial services companies. The Company 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 in an amount of over 6.75% annually and to pay the holders of the Preferred Shares approximately $10 per Preferred Share on or about the termination date. Its investment objectives with respect to Class A Shares are to provide holders of Class A Shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company over $15 per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying over $10 per Preferred Share. The Company’s investment manager is Quadravest Capital Management Inc.


TSX:FTN - Post by User

Financial 15 Split Corp
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Post by mousermanon Jun 17, 2021 4:53pm
287 Views
Post# 33408506

FTN unit NAV reported at $21.42 to JUNE 15

FTN unit NAV reported at $21.42 to JUNE 15That is a loss of .38 in UNIT NAV since MAy 31 update. SO in actuality FTN trading at a very slight premium to NAV even after the beatdown today. FFN held up better since it is one of the highest yielding split fund commons in Quadravest or Brompton.
DF yielding  about 18.5% annually  at the close today.. and FFN annual yield buying  at the close today would be  17.8%.
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