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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

Post by mousermanon Nov 05, 2021 4:32pm
223 Views
Post# 34094178

FTN unit NAV to Nov5= APPROX: $22.18

FTN unit NAV to Nov5= APPROX: $22.18So with the last few days of volatile trading, the UNIT NAV has now gained just 7 pennies since the oct 29 update.
BUT  a discount still remains, but today is smaller  than yesterday.
FTN gained 6 cents on the price of the commons today, while the value as far as NAV goes, did not change.
Playing some catchup here it seems, as FTN commons have gained 28 cents  since the OCT 29 update, while the NAV only increased 7 cents.
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