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 NAV

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Comment by mousermanon Mar 28, 2024 10:31am

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Post# 35957881

RE:FTN NAV

In realtime i have the UNIT NAV @ 18.43 AFTER distributions as we have gone ex divvy.
The gains since the mid month update were over 58 cents. Now the commons carry a value of $8.43 and the last sale @ $8.10, equates to a DISCOUNT of about 4%... dont think i have seen this before with FTN or any of the other split funds, with a UNIT NAV this high.

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