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 > Unit NAV

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Post by NobleHouseon Mar 06, 2024 9:11pm

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Post# 35919497

Unit NAV

Since l trust Mousermans NAV updates this discount is absolutely bewildering , with the exceptional dividend FTN should command at least a 10% premium which would equate to $8.63 valuation. Stratcap said that noninvestors are stupid , maybe not them but whoever is selling at this discount , large or small as they may beare in my view , delusional or borderline moronic.I realize that is a harsh call but it's the reality.Meanwhile we holders just collect extra shares , if we are astute enough to reinvest ,and when some sense of what's what returns to this ETF , we will all profit.

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