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 > FTN unit nav to March 27 = approx; $18.54

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Comment by anubis44on Mar 27, 2024 6:51pm

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RE:FTN unit nav to March 27 = approx; $18.54

I think what's holding people back from FTN (and some other split-funds) is the almost clockwork tendency that their NAVs will drop below the payment threshold at some point in the next 12-16 months, and the general concern that the markets are at a near-term, potentially blow-off top. I currently own some FTN and BK, and I'm holding them. I might even add some more FTN now that I see it's hardly dropping at all after ex-dividend this month.

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