Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 25, 2024 9:46pm
244 Views
Post# 35952053

Mouserman

MousermanHello ,Mouserman , on a Financial ETF , 60% in the Best Banks and system in the world and paying today an 18.39 dividend compared with the underlying holdings averaging 4.3 % , then any discount to NAV is absolutely ludicrous.Not only should FTN be trading at NAV but a minimum 10% premium would seem warranted. OH , well why those who don't understand Splits or listened to others to get out , the rest of us will just sit back , exhibit some patience , collect that 18.39 div , hopefully reinvested in more cheap shares and wait till the market and investors come to their senses.I am not going to use the Ralph Kramden expression , Too the Moon Alice but l see a much higher valuation in the Cards.With a cut in interest rates , then sooner than later and an early election to oust one of the worst PMs to grace Canada , then there are clear skies and bright stars ahead.
<< Previous
Bullboard Posts
Next >>