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

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

TSX:FTN - Post Discussion

View:
Post by Donwaan on Sep 05, 2023 7:28pm

QV updates

August 31, 2023 NAV Pre-Distribution: $16.69 Distribution: $0.1882 NAV Net of Distribution: $16.50
Comment by mouserman on Sep 05, 2023 11:39pm
Yes the adjustment to the NAV would make the UNIT NAV 16.57 after distributions. WIth the last trade @ $7.52 the premium is about 95 cents , so yes now  a very respectable   14.4% I believe the bottom is close here, especially if we can get some GOOD news for a change regarding the banking sector.
Comment by mouserman on Sep 06, 2023 9:53am
Apparently no good news so far today, as nearly every holding is red for FTN.... not sure when this correction will start its v-shaped recovery.. or if indeed it will even happen.
Comment by Eoj123 on Sep 06, 2023 11:16am
It would appear there's no bottom. I bought some at $7.37 so I apologize for the drop there after
Comment by Eoj123 on Sep 06, 2023 11:21am
With the RSI down in the 12 or less, it would appear to be very overdone/oversold
Comment by baranja on Sep 06, 2023 11:43am
Kinda looks like we hit bottom.. could be.
Comment by Stwatcher2 on Sep 06, 2023 12:26pm
6.30 is the bottom .... for now
Comment by Golferman on Sep 06, 2023 4:33pm
Mouserman  what do you have for a NAV.... Sept 6 after close.  Golferman
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