Bullboard - Stock Discussion Forum 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... see more

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TSX:FTN - Post Discussion

Financial 15 Split Corp > FTN unit nav to March 14 = approx: $17.40

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Post by mouserman on Mar 14, 2023 5:43pm

FTN unit nav to March 14 = approx: $17.40

So FTN stocks bounced back quite nicely today, as the spreadsheet showed a loss of $ 1.07 since Feb 28 . This values the commons now @ $7.40 and the premium today would $1.67 or about 22.5%
This premium is lower than DGS or FFN, both of those not paying at the current levels. GO FIGURE.
I did pick up some FTN today, as getting a yield over 16% today, with that low premium is better than any others i can find out there, except for LCS which trades at a discount, however doesnt have $2.40 of safety built in.

371

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Comment by Wahooo on Mar 14, 2023 7:25pm

All the recent drama created by svb has created a nice buying opportunity. Since FTN doesn't supply venture capital to the tech sector, we can enjoy the ride.

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Comment by Wahooo on Mar 14, 2023 7:29pm

Correction... doesn't supply much venture capital

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Comment by mouserman on Mar 15, 2023 1:25pm

Unfortunately this isnt about venture capital. Today it is about Credit Suisse , which is a HUGE global connected bank. Dropped 31% today at one point now only down about 21.5 % , CS on the NYSE.

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Financial 15 Split Corp