Financial 15 Split Corp T.FTN

Alternate Symbol(s): FNNCF | T.FTN.P.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 continues to surge ahead now up over $1.24 since dec 31

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Post by mousermanon Jan 11, 2022 1:46pm

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Post# 34304532

FTN continues to surge ahead now up over $1.24 since dec 31

SO that puts the UNIT NAV @ $22.77 at this point in time today... and the commons would carry a value of $12.77... so again trading at quite a large discount, and apparently consideration for safety above the 15$ threshhold holds littel weight in this risk on market.
Last trade @ 12.19 shows a 58 cents discount to NAV or about 4.5%...

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