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

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Post by mousermanon Jun 09, 2023 4:47pm

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Post# 35489272

FTN unit nav to June 9 =approx: $17.09

So finally rejigged the spreadsheet and not real cofident in the accuracy as I took a small % off of many of the holdings to bring the CASH position back up to 21%.
It still has the UNIT GAINING about 36 cents since MAY 31... so a pretty good run, considering how far down the USD dropped vs CAD ( bout 1.7%)
Premum here would be about the same .. at around 23%.

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