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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

Post by NobleHouseon Mar 20, 2024 4:50pm
134 Views
Post# 35943694

Thanks Mouse

Thanks MouseYou probably get tired hearing how grateful we all are for your daily NAVs.If the higher ups at Quadravest had any sense whatsoever they would employ you to inform all the investors they basically ignore on their products.Most likely they don't , because they get your input for free on numerous boards.Well My prior post called for over $8 , that has come to.uu fruition , now the next step is is to trade at NAV and then a modest premium considering the payout compared to the underlying stocks or for that matter other ETFs who employ leverage , covered calls etc. I would consider the high 8 s or even $9.00 a fair evaluation .Any comments concerning now or in the future when the BOC gets real and stops Stiffeling business, that and our present government.Go PP, sooner l hope than later.
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