Financial 15 Split Corp T.FTN

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

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 > FTN NAV to June 30th = $21.31

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Comment by mousermanon Jul 05, 2021 5:26pm

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Post# 33496609

RE:FTN NAV to June 30th = $21.31

JohnWalker wrote: As per Quadrevest website.

Yes noted that the UNIT NAV before distributions was 21.50, and did indeed drop from the midmonth. But i alwyas thought the total payout was just over 18 cents per month....
5.625 cents per share monthly to preferreds and 12.57 cents monthly to commons....i guess some rounding up went on with the NAV numbers.

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