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

Alternate Symbol(s):  T.FTN.P.A | FNNCF

Financial 15 Split Corp is a Canada-based company. It is an independent investment management firm that is focused on the creation and management of enhanced yield products for retail investors. Its products consist of income financial trust, m-split corp, commerce split corp, and others. The company offers two types of shares that are preferred shares and class A shares. It receives maximum revenue in the form of appreciation of share prices.

The Market Herald Price Sensitive
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Jun 30 Estimated Common NAV @ 7.36, Premium @ 28.9%

Jun 30 estimated ex-dividend combined NAV: 17.36, -1.17%. Preferred NAV: 10.00 (no dividend accrued).  Premium: 0.06 for $10.06. Common NAV: 7.36, -0.21 (-2.72%).  Premium: 2.13 (28.9%) for ...read more
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Jun 29 Estimated Common NAV @ 7.57, Premium @ 27.3%

Jun 29 estimated ex-dividend combined NAV: 17.57, -0.16%. Preferred NAV: 10.00 (no dividend accrued).  Premium: 0.08 for $10.08. Common NAV: 7.57, -0.03 (-0.37%).  Premium: 2.06 (27.3%) for ...read more
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RE:RE:RE:FTN unit NAV $17.72 to June 28

My bet is next week -- have been building a short position in anticipation. Pref must stay above par.   rate and reply

RE:RE:FTN unit NAV $17.72 to June 28

Seems ripe for an overnight offering.  rate and reply

RE:FTN unit NAV $17.72 to June 28

OOps kind of confusing there. After distributions the premium on the commons would be $2.18 and that works out to  28.9% ... before distributions the commons premium would be  almost 2...read more

FTN unit NAV $17.72 to June 28

FTN has lost about  20 cents since the mid-month update and so the commons  would now have a value of $7.72 before distributions. After distributions to preferreds and commons of about 18...read more

Jun 28 Estimated Common NAV @ 7.72, Premium @ 25.9%

Jun 28 estimated combined NAV: 17.774, -0.09%. Preferred NAV: 10.056 (all of 0.05625 monthly dividend accrued).  Premium: 0.03 for $10.09. Common NAV: 7.718, -0.02 (-0.20%).  Premium: 2.00...read more

Jun 27 Estimated Common NAV @ 7.73, Premium @ 24.5%

Jun 27 estimated combined NAV: 17.79, +0.02%. Preferred NAV: 10.06 (all of 0.05625 monthly dividend accrued).  Premium: 0.02 for $10.08. Common NAV: 7.73, +0.02 (+0.26%).  Premium: 1.90 (24...read more

Jun 24 Estimated Common NAV @ 7.71, Premium @ 24.2%

Jun 24 estimated combined NAV: 17.77, +1.88%. Preferred NAV: 10.06 (all of 0.05625 monthly dividend accrued).  Premium: 0.01 for $10.07. Common NAV: 7.71, +0.31 (+4.24%).  Premium: 1.87 (24...read more

Jun 23 Estimated Common NAV @ 7.39, Premium @ 27.4%

Jun 23 estimated combined NAV: 17.43, -1.52%. Preferred NAV: 10.04 (3/4 of 0.05625 monthly dividend accrued).  Discount: 0.01 for $10.03. Common NAV: 7.39, -0.27 (-3.51%).  Premium: 2.02 (27...read more

Jun 22 Estimated Common NAV @ 7.66, Premium @ 26.7%

Jun 22 estimated combined NAV: 17.70, -1.01%. Preferred NAV: 10.04 (3/4 of 0.05625 monthly dividend accrued).  Discount: 0.01 for $10.05. Common NAV: 7.66, -0.18 (-2.32%).  Premium: 2.05 (26...read more

Jun 21 Estimated Common NAV @ 7.84, Premium @ 27.4%

Jun 21 estimated combined NAV: 17.88, +0.78%. Preferred NAV: 10.04 (3/4 of 0.05625 monthly dividend accrued).  Discount: 0.00 for $10.04. Common NAV: 7.84, +0.14 (+1.81%).  Premium: 2.14 (27...read more

RE:Jun 20 Estimated Common NAV @ 7.70, Premium @ 26.5%

Thanks POS for the timely information about the possibility of another FTN offering soon.That big fluctuation in the discount and premium is a bit odd.  rate and reply

Jun 20 Estimated Common NAV @ 7.70, Premium @ 26.5%

Jun 20 estimated combined NAV: 17.74, +0.83%. Preferred NAV: 10.04 (3/4 of 0.05625 monthly dividend accrued).  Discount: 0.01 for $10.03. Common NAV: 7.70, +0.15 (+1.93%).  Premium: 2.04 (26...read more

New Press Release - FINANCIAL 15 SPLIT CORP. Monthly Dividend Declaration for Class A & Preferred Share

TORONTO, June 20, 2022 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annualized) and $0.05625 for each Preferred share ($0.675 annually). Distributions are payable July 8, 2022 to shareholders on...read article.

Jun 17 Estimated Common NAV @ 7.55, Premium @ 20.8%

Jun 17 estimated combined NAV: 17.59, +0.25%. Preferred NAV: 10.04 (3/4 of 0.05625 monthly dividend accrued).  Discount: 0.03 for $10.01. Common NAV: 7.55, +0.03 (+0.41%).  Premium: 1.57 (20...read more

RE:Jun 15 Estimated Common NAV @ 7.81, Premium @ 24.2%

Jun 15 estimated combined NAV: 17.84.  Actual: 17.92.  Variance: -0.08.  rate and reply

Jun 16 Estimated Common NAV @ 7.44, Premium @ 20.4%

Jun 16 estimated combined NAV: 17.46, -2.09%. Preferred NAV: 10.03 (1/2 of 0.05625 monthly dividend accrued).  Discount: 0.03 for $10.00. Common NAV: 7.44, -0.37 (-4.77%).  Premium: 1.51 (20...read more

Jun 15 Estimated Common NAV @ 7.81, Premium @ 24.2%

Jun 15 estimated combined NAV: 17.84, +1.07%. Preferred NAV: 10.03 (1/2 of 0.05625 monthly dividend accrued).  Premium: 0.04 for $10.07. Common NAV: 7.81, +0.19 (+2.47%).  Premium: 1.89 (24...read more

FTN unit nav to June 15= approx: $17.85

So my spreadsheet has FTN losing about $1.49  since MAY 31 update... and that means the commons have a value of $7.85 Last trade @ 9.70 leaves the premum at $1.85  or approx: 23.5%, and that...read more