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 3:17pm

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Post# 35958767

RE:RE:RE:RE:FTN NAV

Golferman wrote: Hard to believe we are red today with most of FTN's holdings running into close..... would not be suprised to see Mousermans end of day NAV @ $18.50

Yes very strange that FTN is in the red, particularly because it is trading at a discount even after paying out the big 20 cent month distributions. CAD now has dropped back from the high just below 74 cents.. so that is not much of a factor at all now..

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