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 > Premium down to 1% !!!!!!

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Comment by dannodotcomon Dec 11, 2023 3:38pm

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Post# 35778547

RE:RE:RE:RE:Premium down to 1% !!!!!!

So Dec 28th should be x-div and that means there are only 10 days (not including today) left to buy and collect the dividend.

mouserman wrote: I still have 2500 shares bought a week or two ago.. . discount was very low and looked like FTN will survive 2023 and keep paying into 2024... I suspect we will see a runup in those FTN commons the last 7 or 8 trading days before ex divvy date comes.
Hasnt been any real short action on FTN of late:

Short Positions for FTN

Symbol Report Date Volume Change Shares Issued % Float

T : FTN 2023-11-30 175,794 -11,000 45,204,017 0.39

T : FTN 2023-11-15 186,794 -16,812 45,204,017 0.41

T : FTN 2023-10-31 203,606 47 45,204,017 0.45

T : FTN 2023-10-15 203,559 77,598 45,204,017 0.45

T : FTN 2023-09-30 125,961 -20,413 44,159,417 0.29

T : FTN 2023-09-15 146,374 -59,736 44,159,417 0.33

T : FTN 2023-08-31 206,110 35,098 42,842,517 0.48

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : FTN	2023-11-30	175,794	-11,000	45,204,017	0.39
T : FTN	2023-11-15	186,794	-16,812	45,204,017	0.41
T : FTN	2023-10-31	203,606	47	45,204,017	0.45
T : FTN	2023-10-15	203,559	77,598	45,204,017	0.45
T : FTN	2023-09-30	125,961	-20,413	44,159,417	0.29
T : FTN	2023-09-15	146,374	-59,736	44,159,417	0.33
T : FTN	2023-08-31	206,110	35,098	42,842,517	0.48