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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% 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

Post by mousermanon Mar 11, 2022 5:07pm
234 Views
Post# 34508036

FTN unit nav to March 11 = APPROX: $20.47

FTN unit nav to March 11 = APPROX: $20.47SO my spreadsheet is now up to date after viewing the monthend report that shows the cash position @ 2%,, and the split is now 58% in CAD stocks and 40% in US....
SO far most of the biggest losses have been in the US banks.
Commons shares of FTN now have a value of approx: $10.47 here ( almost exactly 10%). And so is trading at quite a big premium for a change , wasnt so long ago it traded at quite a large discount.
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