Bullboard - Stock Discussion Forum Financial 15 Split Corp T.FTN

Alternate Symbol(s): FNNCF | T.FTN.P.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... see more

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Financial 15 Split Corp > ANON not giving up

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Post by mouserman on Aug 12, 2022 11:26am

ANON not giving up

Still the biggest seller today, but I think their hopes of an offering is now going down the toilet. I have never seen any of the Quadravest offerings done at a premium less than 10% on the commons .
And they did an offering a short time ago in 2022. They do NOT always do 2 offerings every year.
Now if tthe premium jumps to over 20% this fall, i would be very surprised if they dont do one.

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Comment by Donwaan on Aug 12, 2022 4:12pm

I have been expecting another FTN offering and was going to take that as a good re-entry point. mouserman, is it just the low premium that makes you think QV won't be doing an offering soon?

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Comment by mouserman on Aug 12, 2022 4:14pm

Yep, i have beenwatching these a long time, never have i seen Quadrvest OR Brompton do an offering when the commons are trading at a really low premium. It will have to go a LOT higher than the current valuation before they pull the trigger.

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Financial 15 Split Corp