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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% 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 dividend restored to full amount
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Comment by mousermanon Dec 08, 2020 6:34pm
231 Views
Post# 32063700

RE:RE:RE:RE:FTN dividend restored to full amount

RE:RE:RE:RE:FTN dividend restored to full amount
EdPaquette wrote: My math says new unit nav will be 19.05 and distribution will be 16%.  Anyone confirm or deny my math?

The value of the stocks held in FTN will determine the NEW UNIT NAV on that day. 
The math factor of the consolidation will apply. 
IF the bank stocks fall 10% before that day, then the UNIT NAV will drop 10% ..or vice versa, if they rise that much, then the UNIT NAV will be higher.
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