Financial 15 Split Corp T.FTN

Alternate Symbol(s): FNNCF | T.FTN.P.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 > Question on Fund Updates

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Comment by BLOODTHIRSTYon Jan 30, 2024 12:55pm

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Post# 35852952

RE:Question on Fund Updates

JimBoSS wrote: I am looking at the fund updates for DFN & FTN this morning. On the FTN update they list current yeilds for both FTN and FTN.PR.A. On the DFN update they only list yeild for DFN.PR.A and nothing for the A shares. Is there a reason for this?

Also, how are they calculating yield? They state the yield for FTN.PR.A as being 7.41%. When I calculate it I get 9.11%. I use dividend divided by stock price which works when I calculate FTN. What am I missing?

You are looking at documents dated December 29, 2023. They would reflect that not today.

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