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 > FTN UNIT NAV estimated @ $18.03 to MArch 12

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Comment by mousermanon Mar 13, 2024 10:29am

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RE:RE:FTN UNIT NAV estimated @ $18.03 to MArch 12

Yes , lower premiums = a higher yield as compared to what you would have got buying at market. However FTN has been at a discount for some time, and those who bought in back in Feb would have a much higher yield than buying today. Premium to NAV and discount to NAv are the most important factors to me. Macro conditions and market sentiment are also something to consider, but change quickly quite often.

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