Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.P.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 UNIT NAV estimated @ $18.03 to MArch 12

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Post by mousermanon Mar 12, 2024 6:10pm

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Post# 35929345

FTN UNIT NAV estimated @ $18.03 to MArch 12

Spreadsheet showing a gain of 35 cents since the FEB 29 updated UNIT NAV.
LAst trade @ 7.89 leaves the commons at a slight discount before the 20 cents in disributions are figured in. Seems a very good buy if we only use the REAL value of the holdings.
Been in these split funds for many years, and have never seen so many common shares of PAYING split funds trade at a discount. Was not so long ago we saw premiums of 40% on some of the split funds, with a MUCH,MUCH lower NAV.

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