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 to April 19 = approx: $17.95

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Comment by NoShoesNoShirton Apr 19, 2024 9:17pm

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Post# 35999179

RE:FTN unit nav to April 19 = approx: $17.95

I feel really good about the lack of any premium. We're safe from offerings, short sellers, vermin, and boogeymen.

mouserman wrote: Now the spreadsheet showing a gain of about 15 cents since the update to the 15th...
Trading at a very small premium today...of 2 pennies , before distributions.

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