Bullboard - Stock Discussion Forum Financial 15 Split Corp T.FTN

Alternate Symbol(s): FNNCF | T.FTN.PR.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... see more

Add To Watchlist

TSX:FTN - Post Discussion

Financial 15 Split Corp > ATM equity program

View:

Post by Donwaan on Mar 14, 2022 11:33am

ATM equity program

Would this preclude FTN from doing further offerings? "Financial 15 Split Corp. has renewed its at-the-market equity program that allows the company to issue shares of the company to the public from time to time at the company's discretion."

135

Comment

Comment by mouserman on Mar 15, 2022 10:56am

The AT the Market program has been on going in many of the split funds, and has not seemed to stop offerings from happening. If the stock is trading at a decent premium to NAV, (usually around 10% or higher) then they will try and flog an offering at a premium price to NAV. Sometimes the balance between preferreds and commons gets out of whack, especially with the ATM program , so they will do an ...more

113

Comment